Globant price target raised to $240 from $230 at TD Cowen

TD Cowen raised the firm’s price target on Globant (GLOB) to $240 from $230 and keeps a Buy rating on the shares. The firm said its relative growth outperformance continues though shares have been priced for that. Outsized client performance, MidEast potentia,l and select verticals and AI trends, are encouraging but an uneven recovery remains.