Globant price target raised to $230 from $201 at KeyBanc

KeyBanc raised the firm’s price target on Globant to $230 from $201 and keeps an Overweight rating on the shares. Globant should report relatively in-line results for Q2, and the Pentalog acquisition should be additive to current guidance of “at least” 16.5% for CY23, the analyst tells investors in a research note.