2024-07-24 13:50:16 ET
Summary
- Globant S.A. provides business and technology consulting services to organizations primarily located in North America, Latin America and Europe.
- The market for digital transformation services is forecasted to grow significantly, with Globant operating in a fragmented industry with various competitors.
- Despite positive financial trends, including growing revenue and earnings per share, Globant's stock price has shown lower returns and volatility compared to a benchmark ETF.
- With continuing soft demand in major industries such as technology and professional services, and unimpressive employee utilization rates, my outlook on GLOB is Neutral (Hold).
Investment Outlook
Globant S.A. ( GLOB ) provides a variety of business and technology consulting services to clients in Europe and globally.
I previously wrote about GLOB in November 2023 with a Hold outlook due to slowing growth and hopes for AI project opportunities....
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For further details see:
Globant Faces Slowing Growth Amid Technology Segment Softness