Globant Reports 2025 First Quarter Financial Results
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Goldman Sachs Downgrades Globant S.A. (GLOB) to Neutral, PT $120
May 16, 2025 7:24 AM EDTGoldman Sachs analyst James Schneider downgraded Globant S.A. (NYSE: GLOB) from Buy to Neutral with a price target of $120.00 (from $225.00).
The analyst comments "We downgrade the stock from Buy to Neutral following 1Q results and guidance that were significantly weaker than expected. Globant noted significant weakening across in discretionary projects where it is most highly exposed, with notable softness in LatAm... More
