Scotiabank analyst reiterates Buy rating for Globant SA with $115 price target.

Globant SA received a Buy rating from Scotiabank analyst Divya Goyal, with a price target of $115.00. Goyal has a 41.58% success rate and an average return of -4.6% on recommended stocks. Additionally, Globant SA received a Buy from Mizuho Securities's Sean Kennedy, but a Hold from TR | OpenAI. Globant SA has a market cap of $2.93B and a P/E ratio of 27.08.

Globant SA (GLOB), a leading digital transformation and AI services provider, has been the subject of varying analyst ratings and price targets in recent weeks. The company reported its second-quarter 2025 earnings, showing resilience in a challenging macroeconomic environment. The article will outline the recent analyst actions and their implications for Globant's stock price and market performance.

Analyst Ratings and Price Targets

Scotiabank analyst Divya Goyal maintained a "Buy" rating on Globant SA, with a price target of $115.00 [NUMBER:1]. This rating comes from Goyal's positive outlook on the company's future prospects and strategic AI partnerships. Goyal has a 41.58% success rate and an average return of -4.6% on recommended stocks, indicating her track record of providing valuable insights.

Mizuho Securities' Sean Kennedy also provided a "Buy" rating, reflecting his optimism about Globant's growth potential. Conversely, TR | OpenAI assigned a "Hold" rating, suggesting a cautious approach to the stock.

Other recent analyst actions include:

- Goldman Sachs analyst James Schneider maintained a "Neutral" rating with a price target of $105.00, reflecting a 12.50% decrease from the prior target of $120.00 [NUMBER:1].
- TD Cowen reduced its price target to $92.00, maintaining a "Buy" rating despite slower deal closures [NUMBER:2].
- JP Morgan's analyst Tien-Tsin Huang downgraded Globant to "Neutral" from "Overweight," with a price target of $78.00 [NUMBER:1].
- Needham's analyst Mayank Tandon lowered the price target to $85.00 from $115.00 [NUMBER:1].

Market Performance and Outlook

Globant SA reported Q2 2025 revenue of $614.2 million, a 4.5% year-over-year growth, and an all-time high pipeline of $3.7 billion [NUMBER:3]. The company's AI subscription model and strategic partnerships have contributed to its growth, but extended sales cycles due to the macroeconomic environment have impacted pipeline conversion and free cash flow.

The company expects minimal revenue growth for Q3 2025 and a sequential revenue decline of 2% in North America. Despite these challenges, Globant's operational discipline and strategic investments have allowed it to maintain strong financial performance. The company's adjusted operating margin for the second quarter was 15.0%, and its adjusted diluted earnings per share (EPS) was $1.53.

Based on the consensus recommendation from 21 brokerage firms, Globant SA's average brokerage recommendation is currently 2.2, indicating an "Outperform" status [NUMBER:1]. GuruFocus estimates the estimated GF Value for Globant SA to be $234.65, suggesting an upside of 245.05% from the current price of $68.005 [NUMBER:1].

Conclusion

Globant SA continues to face challenges in meeting market expectations due to extended sales cycles and macroeconomic pressures. However, the company's strategic AI partnerships and operational discipline have positioned it for growth. Analyst ratings and price targets vary, but the consensus leans towards an "Outperform" status, reflecting the potential for significant upside. Investors should closely monitor the company's earnings calls and pipeline growth for further insights into its future prospects.

References:

[1] https://www.gurufocus.com/news/3067601/goldman-sachs-lowers-price-target-for-globant-glob-to-105-glob-stock-news
[2] https://ca.investing.com/news/analyst-ratings/cowen-lowers-globant-stock-price-target-to-92-on-slower-deal-closures-93CH-4161960
[3] https://www.ainvest.com/news/globant-sa-q2-2025-earnings-highlights-ai-partnerships-drive-pipeline-growth-market-challenges-2508/
[4] https://www.gurufocus.com/news/3064085/globant-sa-glob-q2-2025-earnings-call-highlights-strategic-ai-partnerships-and-pipeline-growth-amid-market-challenges