Stock Rating Downgrade
The Value Trend Rating for Globant SA (NYSE: GLOB) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Globant SA (NYSE: GLOB) stock closed at $171.51 on 5/20/24 after a large increase of 2.2%. Moreover, trading volume in this advance was above average at 123% of normal. The stock has declined -0.9% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
GLOB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Globant has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Globant has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 37, resulting in the Negative Value Trend Rating.
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