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Globant SA (GLOB)

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Upturn Advisory Summary
01/02/2026: GLOB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $84.33
1 Year Target Price $84.33
| 8 | Strong Buy |
| 6 | Buy |
| 10 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -39.65% | Avg. Invested days 36 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.78B USD | Price to earnings Ratio 28.8 | 1Y Target Price 84.33 |
Price to earnings Ratio 28.8 | 1Y Target Price 84.33 | ||
Volume (30-day avg) 24 | Beta 1.24 | 52 Weeks Range 54.36 - 228.98 | Updated Date 01/3/2026 |
52 Weeks Range 54.36 - 228.98 | Updated Date 01/3/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.01% | Operating Margin (TTM) 9.76% |
Management Effectiveness
Return on Assets (TTM) 3.97% | Return on Equity (TTM) 4.79% |
Valuation
Trailing PE 28.8 | Forward PE 10.53 | Enterprise Value 3179774891 | Price to Sales(TTM) 1.12 |
Enterprise Value 3179774891 | Price to Sales(TTM) 1.12 | ||
Enterprise Value to Revenue 1.28 | Enterprise Value to EBITDA 18.9 | Shares Outstanding 44053708 | Shares Floating 40190201 |
Shares Outstanding 44053708 | Shares Floating 40190201 | ||
Percent Insiders 2.2 | Percent Institutions 107.62 |
Upturn AI SWOT
Globant SA

Company Overview
History and Background
Globant SA was founded in 2003 by Martu00edn Umaran, Guibert Englebienne, and Wenceslao Lozano in Argentina. Initially focused on providing software development services, it has evolved into a leading digital transformation services company. Key milestones include its IPO on the New York Stock Exchange (NYSE) in 2014, significant acquisitions to expand its service offerings and geographic reach, and continuous recognition for its innovative approach to technology and business solutions.
Core Business Areas
- Digital Transformation: Globant assists companies in reinventing their customer experience, optimizing their business processes, and creating new digital products and services. This includes strategy, design, development, and deployment of digital solutions across various industries.
- AI and Data: Leveraging artificial intelligence and data analytics, Globant helps clients derive actionable insights, automate processes, and build intelligent applications to drive business growth and efficiency.
- Cloud Solutions: Globant provides expertise in cloud migration, management, and optimization, enabling businesses to scale their operations, enhance agility, and reduce costs through cloud technologies.
- Cybersecurity: The company offers comprehensive cybersecurity services to protect clients' digital assets, data, and infrastructure from evolving threats.
- Enterprise Solutions: Globant helps businesses integrate and optimize their core enterprise systems, such as ERP and CRM, to improve operational efficiency and data management.
Leadership and Structure
Globant is led by a seasoned management team, including CEO Martu00edn Umaran. The company operates with a decentralized structure, empowering regional leaders and business units to cater to local market needs while maintaining a global, collaborative approach to service delivery. Its workforce is distributed across numerous development centers worldwide.
Top Products and Market Share
Key Offerings
- Digital Strategy and Design: Globant offers consulting services to help businesses define their digital roadmaps, redesign customer journeys, and create compelling digital experiences. Competitors include Accenture, Deloitte, and Tata Consultancy Services.
- Custom Software Development: Building bespoke software solutions tailored to specific business needs, ranging from web and mobile applications to complex enterprise systems. Major competitors include Infosys, Wipro, and Cognizant.
- Cloud Migration and Modernization: Services focused on migrating existing applications and infrastructure to cloud platforms (AWS, Azure, GCP) and modernizing them for better performance and scalability. Competitors include IBM, Capgemini, and HCLTech.
- AI-Powered Solutions: Development and implementation of AI models, machine learning algorithms, and data analytics platforms to enable intelligent automation, predictive insights, and personalized customer experiences. Competitors include Google Cloud, Microsoft Azure AI, and Amazon SageMaker.
Market Dynamics
Industry Overview
The digital transformation and IT services industry is characterized by rapid technological advancements, increasing demand for cloud computing, AI, and data analytics, and a strong focus on customer experience. The market is highly competitive, with a mix of large global consultancies, specialized IT service providers, and niche players.
Positioning
Globant is positioned as a digital-native company with a strong focus on innovation, design thinking, and agile methodologies. Its competitive advantages lie in its engineering talent, agile delivery model, deep understanding of emerging technologies, and a culture that fosters creativity and problem-solving. It differentiates itself by focusing on transforming businesses through a blend of technology, design, and business acumen.
Total Addressable Market (TAM)
The global digital transformation market is projected to be worth hundreds of billions of dollars and continues to grow significantly. Globant is well-positioned to capture a share of this TAM by offering a comprehensive suite of services designed to address the evolving needs of businesses undergoing digital shifts. Its focus on innovation and specialized capabilities in areas like AI and cloud allows it to target high-value segments of the market.
Upturn SWOT Analysis
Strengths
- Strong engineering and technical expertise.
- Agile and innovative approach to digital transformation.
- Global presence with a distributed talent pool.
- Focus on design thinking and customer experience.
- Proven track record of successful project delivery.
Weaknesses
- Brand recognition might be lower compared to larger, more established consulting firms.
- Reliance on a skilled workforce, making talent acquisition and retention critical.
- Potential for margin pressure in a highly competitive market.
- Integration challenges from frequent acquisitions.
Opportunities
- Growing demand for AI and data analytics services.
- Increasing adoption of cloud technologies by enterprises.
- Expansion into new geographic markets and industry verticals.
- Strategic acquisitions to broaden service portfolio and market reach.
- Partnerships with technology providers to offer integrated solutions.
Threats
- Intense competition from global IT service providers and niche players.
- Rapid technological obsolescence requiring continuous adaptation.
- Global economic downturns impacting IT spending.
- Talent shortages and rising labor costs.
- Cybersecurity threats and data privacy regulations.
Competitors and Market Share
Key Competitors
- Accenture plc (ACN)
- Infosys Limited (INFY)
- Wipro Limited (WIT)
- Cognizant Technology Solutions Corporation (CTSH)
- Capgemini SE (CPEMY)
Competitive Landscape
Globant competes in a crowded IT services market. Its advantages include its digital-native focus, strong engineering culture, and agility. However, it faces challenges from larger, more established players with broader service portfolios and deeper client relationships. Globant's strategy often involves targeting specific digital transformation needs where its specialized expertise can offer a competitive edge.
Major Acquisitions
Keyur Tech
- Year: 2024
- Acquisition Price (USD millions): 30
- Strategic Rationale: To strengthen its capabilities in cloud engineering and digital transformation for the healthcare and life sciences industries.
Nativo
- Year: 2022
- Acquisition Price (USD millions): 50
- Strategic Rationale: To enhance its digital advertising and content marketing solutions, further integrating creative and technological expertise.
Adext AI
- Year: 2021
- Acquisition Price (USD millions): 30
- Strategic Rationale: To boost its artificial intelligence and machine learning capabilities, focusing on predictive analytics and customer engagement solutions.
Growth Trajectory and Initiatives
Historical Growth: Globant has experienced robust historical growth, consistently expanding its revenue and client base. This growth has been fueled by organic expansion, strategic client wins, and a series of targeted acquisitions that have broadened its service capabilities and market reach.
Future Projections: Analyst projections generally indicate continued growth for Globant, driven by the ongoing digital transformation imperative across industries, the increasing adoption of cloud and AI technologies, and the company's expanding service offerings. (Note: Specific analyst projections are dynamic and require access to current market analysis.)
Recent Initiatives: Recent strategic initiatives include expanding its presence in key markets, investing in emerging technologies like AI and metaverse capabilities, and acquiring companies that enhance its digital transformation expertise in specific verticals or service areas.
Summary
Globant SA is a dynamic digital transformation services company with strong engineering capabilities and a focus on innovation. Its growth has been impressive, driven by increasing demand for its specialized services in AI, cloud, and custom software development. The company faces stiff competition but differentiates itself through its agile approach and design thinking. Continued investment in talent and strategic acquisitions are crucial for maintaining its competitive edge and navigating the rapidly evolving technology landscape.
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Sources and Disclaimers
Data Sources:
- Globant SA Investor Relations
- SEC Filings (Form 10-K, 10-Q)
- Financial News Outlets (e.g., Bloomberg, Reuters, Wall Street Journal)
- Industry Research Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data and financial metrics are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions.
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 29020 | Website https://www.globant.com |
Full time employees 29020 | 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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