Globant (GLOB) Win- Win: Market Correction or Overreaction? Globant’s Path to $170 by July 2025

Globant S.A. (NYSE: GLOB), the Argentine-born digital transformation powerhouse, has seen its stock price halve since February 2025, currently trading around $120.22. This sharp decline follows a combination of slowing growth projections and broader tech market volatility.

Understanding the Correction

The company’s 2025 revenue growth guidance of under 12% marked a significant slowdown from its previous compound annual growth rate of 37.1% between 2020 and 2023. This deceleration, coupled with global market instability, has unsettled investors.

Despite these challenges, Globant reported robust revenue growth of 15.3% in 2024 and continues to focus on integrating artificial intelligence (AI) into its services, with AI projects generating $350 million in revenue in 2024, more than doubling the previous year’s figure.

Analyst Perspectives and Price Targets

Several major financial institutions have adjusted their price targets for Globant:

• Jefferies: Reduced its price target from $255 to $210 but maintained a Buy rating, citing the stock’s potential for value investors seeking growth at a reasonable price.
• Mizuho: Lowered its target to $235, maintaining an Outperform rating, and highlighted the company’s strong fundamentals and potential for growth acceleration later in the year.
• JPMorgan: Adjusted its target to $242, retaining an Overweight rating, and noted that while the 2025 revenue outlook fell short of expectations, the company’s year-over-year growth remains impressive.
• Scotiabank: Set a price target of $170 with a Sector Perform rating, suggesting a potential upside from the current price levels. MarketBeat

Institutional Confidence

Despite the stock’s recent performance, institutional investors like Global X ETFs have increased their holdings in Globant, viewing the sell-off as an overreaction to prudent earnings guidance. Financial Times

Looking Ahead

While the market has corrected Globant’s stock price in response to revised growth projections and broader economic factors, the company’s continued investment in AI and digital transformation services positions it well for future growth. Analysts’ price targets, ranging from $170 to $245, reflect a cautious optimism about Globant’s ability to navigate current challenges and capitalize on emerging opportunities.