Goldman Sachs Starts Globant S.A. (GLOB) at Buy

Goldman Sachs analyst James Schneider initiates coverage on Globant S.A. (NYSE: GLOB) with a Buy rating and a price target of $200.00.

The analyst comments: "We see Globant as the most attractive growth asset in our coverage by virtue of its unique mix of service offerings and diversified customer base, and think fundamentals are set to stabilize or improve from here given a likely cyclical bottom in demand. We believe there is significant potential for the stock to re-rate from current levels as we see fundamentals continuing to outpace best-in-class peers despite near-parity stock multiples."

For an analyst ratings summary and ratings history on Globant S.A. click here. For more ratings news on Globant S.A. click here.

Shares of Globant S.A. closed at $172.06 yesterday.

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