Globant (GLOB) is Initiated by Sun Trust Rbsn Humphrey to Buy

Globant (GLOB) is Initiated by Sun Trust Rbsn Humphrey to Buy , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Globant S.A. (NYSE:GLOB) : On Thursday heightened volatility was witnessed in Globant S.A. (NYSE:GLOB) which led to swings in the share price. The shares opened for trading at $37 and hit $37.99 on the upside , eventually ending the session at $37.8, with a gain of 4.94% or 1.78 points. The heightened volatility saw the trading volume jump to 507,972 shares. The 52-week high of the share price is $38.16 and the company has a market cap of $1,285 million. The 52-week low of the share price is at $13.14 .

Globant S.A. (NYSE:GLOB) has received a short term rating of buy from research analysts at Zacks with a rank of 2. The company has been rated an average of 1.8 by 5 Wall Street Analysts. 3 analysts have added the shares in their list of strong buys. 2 broker firms have advised hold.

Globant S.A. (NYSE:GLOB): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $35.25 in Globant S.A. (NYSE:GLOB). However, the stock price could fluctuate by $ 4.27 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $40 price target with the lower price estimate is calculated at $30

Shares of Globant S.A. appreciated by 2.27% during the last five trading days but lost 0.37% on a 4-week basis. Globant S.A. is up 15.56% in the last 3-month period. Year-to-Date the stock performance stands at 142%.”

Globant S.A. is technologies services provider focused on delivering software solutions that leverage technologies and related market trends. The Company combines the engineering and technical rigor of information technology (IT) services providers with the creative approach and culture of digital agencies.