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Research Alert: CFRA Maintains Strong Buy Rating On Shares Of Globant S.a.

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our price target by $10 to $82, based on 13x our 2026 EPS view, well below GLOB's three-year average (~23x) given industrywide competitive pressure from agentic AI. We lower our 2026 EPS estimate by $0.06 to $6.26 and increase 2027 by $0.04 to $6.76. GLOB continues to lean into agentic AI orchestration, which should help it shake some of the market's fears of extinction for traditional service delivery models. AI Pods grew ARR by 57% Q/Q to $33M in Q1, with GLOB now deploying this model at 40% of its top 20 customers (up from 30% in 2025) and with a "clear path to coverage" at 70% of its top 20, commentary that we think sets it up nicely to exceed its targeted midpoint of $80M in AI Pods ARR by year-end 2026. Q1 brought continued signs of resilience, with Q/Q and Y/Y growth across its top 10, top 5, and top client (Disney, 8.9% of sales) and with GLOB reiterating its full-year guidance midpoints despite elevated uncertainty, an encouraging result after 2025 brought valuation-damaging guidance cuts.

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