Globant SA stock hits 52-week low at $82.29

Globant SA (NYSE:GLOB) stock reached a 52-week low, hitting $82.29, marking a significant downturn for the technology services company. According to InvestingPro data, the stock has fallen over 60% year-to-date, though analysts maintain an average price target of $230, suggesting potential upside. Over the past year, Globant SA’s stock has experienced a steep decline, with a 1-year change of -55.68%. Despite the downturn, the company maintains strong fundamentals with a healthy gross profit margin of 36% and positive free cash flow. InvestingPro analysis indicates the stock is currently trading below its Fair Value, making it one of many stocks on the most undervalued list. The current price level underscores the volatility and pressure on tech stocks, as investors reassess growth prospects in an evolving global landscape. With a solid financial health score and moderate debt levels, detailed analysis available in the comprehensive Pro Research Report on InvestingPro suggests the company remains fundamentally sound despite market pressures.

In other recent news, Globant S.A. reported preliminary second-quarter 2025 sales of approximately $745 million, surpassing consensus estimates of $740 million. Core sales reached $651 million, showing a year-over-year increase of 3.3% or 4.8% on an adjusted basis, compared to expectations of $649 million. Jefferies adjusted its price target for Globant to $88 from $90 while maintaining a Buy rating, and Canaccord Genuity significantly reduced its target to $97 from $165, citing macroeconomic concerns. Furthermore, Jefferies also revised its price target to $125 from $150, keeping a Buy rating, following a decrease in Globant’s stock value after first-quarter earnings and updated revenue guidance for 2025.

Globant has launched its new AI Pods, a subscription-based model for AI-powered services aimed at industries such as finance, retail, and media. This new service model uses a token-based metered capacity, promising time and cost savings for its clients. In addition, Globant has expanded its presence in the Middle East by inaugurating its regional headquarters in Riyadh, Saudi Arabia. This expansion aims to deliver advanced AI solutions and nurture local IT talent to support digital initiatives in the region. The digital transformation market in the Middle East is experiencing significant growth, with predictions of increased IT spending in the coming years.

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