Latest news with #GlobantSA
Globe and Mail
3 days ago
- Business
- Globe and Mail
Analysts' Opinions Are Mixed on These Technology Stocks: Canaan (CAN) and Globant SA (GLOB)
Analysts have been eager to weigh in on the Technology sector with new ratings on Canaan (CAN – Research Report) and Globant SA (GLOB – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Canaan (CAN) Benchmark Co. analyst Mark Palmer reiterated a Buy rating on Canaan today and set a price target of $2.00. The company's shares closed last Thursday at $0.78, close to its 52-week low of $0.72. Palmer has an average return of 28.6% when recommending Canaan. ;'> According to Palmer is ranked #774 out of 9979 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canaan with a $2.16 average price target, which is a 176.9% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $4.00 price target. Globant SA (GLOB) Goldman Sachs analyst James Schneider maintained a Hold rating on Globant SA today and set a price target of $105.00. The company's shares closed last Thursday at $78.12. According to Schneider is a 4-star analyst with an average return of 6.7% and a 63.9% success rate. Schneider covers the Technology sector, focusing on stocks such as International Business Machines, Advanced Micro Devices, and ARM Holdings PLC ADR. ;'> Globant SA has an analyst consensus of Moderate Buy, with a price target consensus of $107.36, implying a 36.4% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $78.00 price target.
Bloomberg
16-05-2025
- Business
- Bloomberg
Globant Suffers Record Intraday Drop as Tariffs Dent Earnings
Software company Globant SA suffered a record intraday decline after blaming its disappointing first-quarter results on the ripple effects of US tariffs. Globant shares plunged as much as 33.7% on Friday to $88.03, the worst drop since the company went public in 2014, before paring some of those losses.
