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Globant SA (GLOB)



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Upturn Advisory Summary
09/16/2025: GLOB (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $106.2
1 Year Target Price $106.2
8 | Strong Buy |
6 | Buy |
10 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -38.19% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.45B USD | Price to earnings Ratio 22.69 | 1Y Target Price 106.2 |
Price to earnings Ratio 22.69 | 1Y Target Price 106.2 | ||
Volume (30-day avg) 24 | Beta 1.17 | 52 Weeks Range 54.36 - 238.32 | Updated Date 09/16/2025 |
52 Weeks Range 54.36 - 238.32 | Updated Date 09/16/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.44% | Operating Margin (TTM) 4.03% |
Management Effectiveness
Return on Assets (TTM) 4.44% | Return on Equity (TTM) 5.55% |
Valuation
Trailing PE 22.69 | Forward PE 8.94 | Enterprise Value 2824375555 | Price to Sales(TTM) 0.99 |
Enterprise Value 2824375555 | Price to Sales(TTM) 0.99 | ||
Enterprise Value to Revenue 1.14 | Enterprise Value to EBITDA 16.26 | Shares Outstanding 44053700 | Shares Floating 40005081 |
Shares Outstanding 44053700 | Shares Floating 40005081 | ||
Percent Insiders 2.2 | Percent Institutions 103.56 |
Upturn AI SWOT
Globant SA

Company Overview
History and Background
Globant SA was founded in 2003 in Buenos Aires, Argentina. It began as a software development company and expanded to offer a broader range of digital transformation services. Key milestones include global expansion, strategic acquisitions, and becoming a publicly traded company on the NYSE in 2014.
Core Business Areas
- Digital Strategy and Consulting: Helps businesses define and implement their digital strategies, providing consulting services across various industries.
- Software Development: Offers software development services, including custom application development, mobile app development, and web development.
- Digital Transformation: Assists companies in transforming their business processes and customer experiences through digital technologies.
- Data and Analytics: Provides data analytics solutions to help businesses gain insights from their data and improve decision-making.
- Cloud Services: Provides cloud strategy, migration, and management services.
Leadership and Structure
Globant is led by co-founders Martu00edn Migoya (CEO), Guibert Englebienne (CTO), Martu00edn Umaran (Chief of Staff), and Nu00e9stor Nocetti. The organizational structure includes various business units focused on specific industries and technologies.
Top Products and Market Share
Key Offerings
- Agile Software Development: Provides agile software development services using methodologies like Scrum and Kanban. The market for Agile software development is quite competitive, with companies like Accenture (ACN) and Tata Consultancy Services (TCS) as primary competitors. Market share for Globant in this specific agile segment is hard to specify.
- Digital Customer Experience: Creates compelling digital experiences for customers, focusing on user interface (UI) and user experience (UX) design. The market is competitive, with Accenture (ACN) and IBM (IBM) being competitors, market share here is hard to specify.
- AI-Powered Solutions: Globant provides AI-powered solutions to improve business operations. This growing market has players like Accenture (ACN) and Microsoft (MSFT). Market share is hard to specify.
Market Dynamics
Industry Overview
The IT services industry is experiencing significant growth, driven by increased demand for digital transformation, cloud computing, and data analytics. The industry is competitive, with many players offering similar services.
Positioning
Globant is positioned as a leader in digital transformation, focusing on innovation and customer experience. Its competitive advantages include its agile methodologies, strong engineering talent, and global presence.
Total Addressable Market (TAM)
The global digital transformation market is expected to reach trillions of USD. Globant is positioned to capture a significant portion of this TAM through its diverse service offerings and global reach.
Upturn SWOT Analysis
Strengths
- Strong Engineering Talent
- Agile Methodologies
- Global Presence
- Focus on Innovation
- Strong Customer Relationships
Weaknesses
- Reliance on Key Clients
- High Employee Turnover
- Integration Challenges with Acquisitions
- Price Premium
Opportunities
- Expanding Digital Transformation Market
- Growing Demand for Cloud Computing
- Increasing Adoption of AI
- Strategic Partnerships
- Geographic Expansion
Threats
- Intense Competition
- Economic Downturn
- Cybersecurity Risks
- Rapid Technological Changes
- Fluctuations in Currency Exchange Rates
Competitors and Market Share
Key Competitors
- ACN
- INFY
- EPAM
- IBM
- CTSH
Competitive Landscape
Globant differentiates itself through its focus on innovation, agile methodologies, and strong engineering talent. It faces intense competition from larger IT services firms, but its niche focus and strong customer relationships provide a competitive advantage.
Major Acquisitions
Atix Labs
- Year: 2023
- Acquisition Price (USD millions): 82
- Strategic Rationale: Expand Globant's blockchain and web3 capabilities.
Iteracy
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: No price disclosed as part of the agreement but added to expand capabilities.
Growth Trajectory and Initiatives
Historical Growth: Globant has experienced significant growth in revenue and headcount over the past decade, driven by organic growth and strategic acquisitions.
Future Projections: Analysts project continued growth for Globant, driven by the increasing demand for digital transformation services. Future growth rates are estimated to be in the double digits.
Recent Initiatives: Recent initiatives include expanding into new geographies, launching new service offerings, and making strategic acquisitions.
Summary
Globant is a strong player in the digital transformation space, known for its innovative approach and strong engineering talent. Its agile methodologies and global presence are major advantages. However, it needs to manage risks associated with client concentration and high employee turnover in a very competitive market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Analyst Reports
- Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Globant SA
Exchange NYSE | Headquaters - | ||
IPO Launch date 2014-07-18 | Co-founder, Chairman, CEO & President Mr. Martin Migoya | ||
Sector Technology | Industry Information Technology Services | Full time employees 30084 | Website https://www.globant.com |
Full time employees 30084 | Website https://www.globant.com |
Globant S.A., together with its subsidiaries, provides technology services worldwide. The company offers studio products comprising AI Studios Network, a network for AI adaptation for media and entertainment, finance, healthcare and life sciences, airlines, sports, automotive, games, hospitality and leisure, edtech, and retail industries; Globant GUT Network, a network that connect brands to end-consumers through marketing; Digital Evolution Network that integrates AI, connected experiences, cybersecurity, data, experiences, quality engineering, robotics, engineering, cloudOps, blockchain, business hacking, cultural hacking and agility, fast code, internet of things, digital twin, payments, and legal AI into the software development lifecycle; and Enterprise Network, a network that provides SAP, servicenow, salesforce, oracle, AWS, adobe, google cloud, Microsoft, and process optimization for streamlined operations and productivity at scale. It also provides Augoor, a code intelligence platform used to explore, navigate, and understand code bases; MagnifAI, a quality assurance platform for software testing at every stage of business; StarMeUp, a behavioral science-based solution to create culture; DaXia, an accelerator platform used to embed financial products and services to any digital ecosystem; GeneXus, a low-code software development platform that automates software creation, maintenance, and evolution; Globant Enterprise AI, a platform that develops private AI solutions, while connecting companies to all LLMs; and Navigate, a process intelligence platform for business operations and incident management. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg, Luxembourg.

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