How to Buy Globant Sa Stock
Globant Sa
Globant Sa is a information technology service company located in Luxembourg, which is part of the Technology sector, and is traded under the ticker GLOB on the NYSE exchange.
Globant Sa stock last closed at $180.81, up 0.39% from the previous day, and has increased 17.41% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.03 percentage points. Globant Sa stock is currently +33.53% from its 52-week low of $135.41, and -28.11% from its 52-week high of $251.50.
At the moment, there are 43.09M shares of GLOB outstanding. The market capitalization of GLOB is $7.79B. In the last 24 hours, 498,324 GLOB shares were traded.
How to Buy Globant Sa Stock
Not sure how to invest in Globant Sa stock? Here's how.
- Choose where to buy Globant Sa stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Globant Sa stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Research Globant Sa stock: The Globant Sa ticker symbol is GLOB. Is Globant Sa stock a good investment? Should you buy shares of GLOB? How do GLOB's underlying business fundamentals look? Do top analysts think Globant Sa is a good buy? Why has GLOB's stock price moved recently? (Hint: Our stock market research tools can help you decide if GLOB is a good stock to buy).
- Make your GLOB trade: Decide if you will purchase GLOB shares at the current market price or use a limit order to purchase GLOB stock at a specific price.
- Watch your GLOB investment: Create a watchlist to key updates about your investment in Globant Sa stock.
Step 1: Choose where to buy Globant Sa stock
You need a brokerage account in order to access the NYSE market and buy GLOB stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal info so you can buy GLOB today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on our top ranked stock app, you can securely and quickly fund your account:
Watch the video below if you need help depositing funds into your investment account.
Step 4: Research Globant Sa stock
After you have figured out the best place to buy Globant Sa stock, it's crucial to analyze their stock before you invest, so you truly understand the risk as well as the opportunity.
Globant Sa quick stats
Fundamentals of GLOB
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on GLOB's stock page.
Is GLOB stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge GLOB's intrinsic value.
Using relative valuations methods:
- GLOB could be overvalued based on its P/E ratio of 48.6x, relative to Information Technology Services industry P/E ratio of 24.13x
- GLOB may be undervalued based on its P/B ratio of 4.5x, relative to Information Technology Services industry P/B ratio of 4.61x
- GLOB could be overvalued based on its PEG ratio of 1.18x
You can access additional valuation analysis on GLOB's stock here.
How do GLOB Financials look?
Passed Health Checks:
- GLOB earnings of $221.80M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GLOB balance sheet.
- There are more short-term assets than long-term liabilities on the GLOB balance sheet.
- GLOB's operating cash flow of $318.52M allows it to safely service it's debt of $522.67M.
Failed Health Checks:
- GLOB profit margin has gone down from 8.4% to 7.6% in the past year.
- Total GLOB debt is higher than 5 years ago, relative to shareholder equity.
- GLOB has a relatively high debt to equity ratio of 0.55.
Is Globant Sa stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 12 Equities analysts who track GLOB, the consensus analyst rating on Globant Sa is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest GLOB Analyst Ratings
Joseph Vafi, a top 4% analyst from Canaccord Genuity reiterates GLOB with a hold rating and maintains their GLOB price target from $230.00 to $230.00, on Feb 20, 2024.
Moshe Katri, a top 15% analyst from Wedbush reiterates GLOB with a buy rating and maintains their GLOB price target from $250.00 to $250.00, on Feb 16, 2024.
Thomas Blakey, a top 20% analyst from KeyBanc maintains GLOB with a strong buy rating and raises their GLOB price target from $266.00 to $272.00, on Feb 16, 2024.
KeyBanc's Thomas Blakey raised their price target on Globant Sa (NYSE: GLOB) by 2.3% from $266 to $272 on 2024/02/16. The analyst maintained their Strong Buy rating on the stock.
"The expanded multiple is warranted," the analyst argued after reviewing Globant's Q4 and FY 2023 print on 2024/02/15, pointing to the company's "consistent double-digit organic growth in 2023 and 2024's guidance in the face of a difficult macro."
Earnings Report
Globant reported:
For Q4 2023:
- EPS of $1.62, which beat the Zacks Consensus Estimate of $1.61 and, by 15.7%, Q4 2022’s $1.40.
- Revenue of $580.7M, which was roughly in line with the Zacks Consensus Estimate and beat Q4 2022’s $490.72M by 18.3%.
For FY 2023:
- EPS of $5.74, which beat FY 2022’s $5.08 by 13%.
- Revenue of $2.1B, which beat FY 2022’s $1.78B by 18%.
Management guided:
For Q1 2024:
- Revenue of at least $570M.
- EPS of at least $1.53.
For FY 2024:
- Revenues of at least $2.44B.
- EPS of at least $6.50.
CEO & co-founder Martín Migoya commented: "Our journey of two decades has been marked by resilience, innovation, and a commitment to delivering exceptional results.
“As we reflect on our achievements from Q4 and FY 2023, we are very proud of the progress we have made as a company.
“Throughout the year, we expanded into new markets, forged valuable relationships with top-notch new clients, and diversified our service offering.
“Our dedication to being a trusted end-to-end partner has enabled us to craft multiple solutions and continuously expand the breadth of our services, platforms, and capabilities.
“With a global footprint in five continents and a focus on AI and generative AI capabilities, we are well-positioned for future growth.
“Our recent acquisitions of GUT and Iteris further strengthen our creative and digital capabilities.
“As we enter 2024, we remain optimistic about the growth potential of our total addressable market and our ability to deliver industry-leading results."
Arvind Ramnani, a bottom 1% analyst from Piper Sandler maintains GLOB with a strong buy rating and raises their GLOB price target from $257.00 to $290.00, on Feb 16, 2024.
Tien-tsin Huang, a top 22% analyst from JP Morgan maintains GLOB with a strong buy rating and raises their GLOB price target from $266.00 to $275.00, on Feb 14, 2024.
You can dig deeper into what analysts are forecasting on the Globant Sa stock forecast page.
Metrics for Advanced GLOB Traders
GLOB Growth Metrics
Last year, GLOB earnings were $158.54M. During the past five year, GLOB's earnings have grown by 20.74% per year. This was faster than the Information Technology Services industry average of 7.55%.
Last year, GLOB revenue was $2.10B. Over the last 5 year, GLOB's revenue has grown by 32.04% per year. This was faster than the Information Technology Services industry average of 7.69%.
You can analyze GLOB's earnings and revenue performance here.
Are GLOB executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at GLOB have not bought or sold any shares.
Learn more about who owns GLOB shares here.
Can I get consistent income from GLOB stock?
No, Globant Sa doesn't provide an income stream by paying out dividends.
GLOB Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your GLOB trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and eToro will execute the order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Watch your GLOB investment
Now that you own some GLOB stock, you'll want to keep up with your new investment.
Start a watchlist to get notified of important updates regarding your GLOB stock.
GLOB Feed
How to Buy Stock in Globant Sa
To summarize, here are the 6 steps to buy stock in Globant Sa:
- Choose where to buy Globant Sa stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Globant Sa stock
- Make your GLOB trade
- Watch your GLOB investment
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Globant Sa, create your watchlist below.
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