Citi lowered the firm’s price target on Globant to $235 from $275 and keeps a Buy rating on the shares. The analyst continues to have a cautious view toward the enterprise IT spending environment into the Q1 reports with the demand environment relatively unchanged from late 2023. This includes continued pressures on discretionary spend and delayed decision-making as macro, geopolitical, and some industry-specific concerns remain, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLOB:
- Globant to Hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders on May 10, 2024
- Globant S.A. Sets Key Meetings for Shareholder Voting
- Globant price target lowered to $270 from $275 at HSBC
- Globant S.A. Welcomes New Board Member
- Globant price target lowered to $216 from $245 at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue