- After a significant share price decline, and continued improvement in fundamentals for Globant, we no longer believe shares to be extremely overvalued.
- We think the current share price can be more easily justified, but there is still a high level of uncertainty as to what the average growth rate will be.
- We believe that at least going forward investors should see returns more in line with business fundamentals, now that shares are trading at a more reasonable valuation.
For further details see:
Globant: Approaching A Defensible Valuation, Upgrading To Hold