Piper Sandler (NYSE:PIPR) analyst Arvind Ramnani maintained a Hold rating on Globant SA (NYSE:GLOB) on Friday, setting a price target of $234, which is approximately 6.64% above the present share price of $219.42.
Ramnani expects Globant SA to post earnings per share (EPS) of $0.31 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Globant SA, with an average price target of $196.8.
The analysts price targets range from a high of $240 to a low of $100.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $207.22 million and a net profit of $23.17 million. The company's market cap is $8.68 billion.
According to TipRanks.com, Piper Sandler analyst Arvind Ramnani is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.6% and a 76.34% success rate.
Globant SA engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne and Néstor Nocetti in 2003 and is headquartered in Luxembourg.