Globant SA Dossier
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SectorInformation Technology IndustryInformation Technology Services Beta (adjusted)0.99 Intrinsic Value $67.07median of 6 methods · middle span $31-$175based on filings through 31 Dec 2025 Market Price $36.98Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 81% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+81%) Data confidence Sign in to view data confidence Market Cap $1.6B Enterprise Value $1.7B Shares Outstanding 44.2M diluted Moat Rating None Next Earnings Date19 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Globant S.A. is successfully transitioning from a traditional IT consulting firm into an AI-native technology partner. While macroeconomic headwinds and currency fluctuations have slowed top-line growth, the company's valuation has compressed significantly to an attractive forward P/E multiple. The rapid commercialization of its subscription-based AI Pods (reaching $32.8M in ARR as of March 2026) and a robust pipeline of over $3 billion provide a clear path to growth acceleration in the second half of 2026. Furthermore, strong free cash flow generation and a newly authorized $125 million share repurchase program offer solid downside protection. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$33.00 Mean target$51.32 High · most bullish analyst$100.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Macroeconomic caution persists, causing clients to delay large discretionary IT investments. The cannibalization of legacy Time & Materials work by AI-native delivery models occurs faster than subscription-based revenue can scale. Ongoing class-action litigation creates a persistent overhang on the stock, and continued strength in LATAM currencies compresses operating margins below the 14% threshold. Base CaseCentral scenario The company successfully converts its signed demand and robust pipeline into reported revenue during the second half of 2026. AI Pods continue their strong trajectory, reaching the guided run-rate of $60M to $100M by year-end. Operating margins remain stable within the 14.0% to 15.0% range, supported by operational discipline and revenue-per-head efficiencies, offsetting Latin American currency headwinds. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |