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Piper Sandler Maintains Overweight Rating for Globant: Here's What You Need To Know

Benzinga · 01/06/2023 12:00

Piper Sandler has decided to maintain its Overweight rating of Globant (NYSE:GLOB) and lower its price target from $219.00 to $204.00.

Shares of Globant are trading up 1.02% over the last 24 hours, at $161.79 per share.

A move to $204.00 would account for a 26.09% increase from the current share price.

About Globant

Globant SA is a software technology developer based in Luxemburg. It creates platforms which are powered by native digital technology, better known as digital journeys. The digital journey incorporates various software products, mobile apps and sensors that assist its clients in knowing its end user's behavioral pattern. The key aspects of the digital journey are stay relevant, discover and build. The stay relevant helps its clients in staying abreast of the developments in its industry and taking preemptive measures. The discover conceives digital journeys for the users based on consumer behaviors and technologies and the build creates each digital journey leveraging the work of its studios. The company's revenue is primarily generated by its technology services in the United States.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.