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Added to YB: 2024-06-03

Pitch date: 2024-04-18

GLOB [bullish]

Globant S.A.

-62.45%

current return

Author Info

No bio for this author

Company Info

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.

Market Cap

$2.8B

Pitch Price

$179.52

Price Target

N/A

Dividend

N/A

EV/EBITDA

8.49

P/E

29.01

EV/Sales

1.28

Sector

IT Services

Category

growth

Show full summary:
Harding Loevner Global Equity ADR Composite New Portfolio Holding: Globant S.A.

GLOB: IT consulting firm helping biz adopt AI, 500+ projects (predictive analytics, NLP, computer vision). Clients: Disney, Google, MercadoLibre. 70% LatAm workforce. Sees 16% '23 rev growth vs industry forecast. Expects AI biz app deployment wave post-infra spend. Verticals + AI expertise to drive outperformance as clients allocate more budget to gen AI while balancing other priorities.

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