Globant (GLOB) Misses Q1 EPS by 10c; offers guidance

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Go back to Globant (GLOB) Misses Q1 EPS by 10c; offers guidance

Goldman Sachs Downgrades Globant S.A. (GLOB) to Neutral, PT $120

May 16, 2025 7:24 AM EDT

Goldman 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