Globant S.A. (GLOB) PT Lowered to $207 at Cowen

Cowen analyst Bryan Bergin lowered the price target on Globant S.A. (NYSE: GLOB) to $207.00 (from $210.00) while maintaining an Outperform rating.

The analyst commented, "3Q results were slightly better than Street, while 4Q targets land below. GLOB is posting solid organic growth (34% CC in 3Q w/ 29% est in 4Q) and maintains a broadly optimistic view on LT growth potential. But, uncertainty has picked up & modestly weighs on NT expectations; it stopped short of providing much color into 2023 which likely weighs on shares. We trim ests & PT $207."

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