Piper Sandler analyst Arvind Ramnani lowered the firm’s price target on Globant (GLOB) to $230 from $237 and keeps an Overweight rating on the shares. The firm notes the company delivered Q4 results roughly in line with expectations. However, FY25 targets came in below expectations, driven by a slower start to the year, with Q1 impacted by FX and fluid policy changes impacting LATAM.
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