Globant price target lowered to $218 from $230 at KeyBanc

KeyBanc lowered the firm’s price target on Globant to $218 from $230 and keeps an Overweight rating on the shares. Following the relatively in-line Q3 report, KeyBanc believes Globant has several unique drivers to sustain above-average growth into CY24, including geo, Studio, vertical, and technology, the analyst tells investors in a research note.