Globant initiated with a Positive at Susquehanna

Susquehanna initiated coverage of Globant (GLOB) with a Positive rating and $255 price target The firm says that over 20 years, Globant has “increased its mind share as a cool and creative” digital consultancy known for its prominent entertainment practice and unique “studio” structure. Globant has “ample runway” to grow into existing accounts, increase the total number of accounts and expand verticals, the analyst tells investors in a research note.