Globant price target raised to $270 from $240 at TD Cowen

TD Cowen raised the firm’s price target on Globant (GLOB) to $270 from $240 and keeps a Buy rating on the shares. The firm said the company’s consistent organic growth outperformance has been driven by idio factors that are apt to persist. However, its early 2025 view leaves estimate upside bias and the company is apt to serve as a top vehicle for exposure to an improving Services sector.