Alert: Major Price Advance (11/17/23)-Globant SA (NYSE: GLOB).


Globant SA (NYSE: GLOB) stock enjoyed a major increase of 11.8% on 11/17/23. The shares closed at $204.78. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.8% during the last week.


Current PriceTarget Research Rating

GLOB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Globant has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Globant has a poor Appreciation Score of 27 but a good Power Rating of 84, producing the Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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