Globant's (GLOB) shares were down 23% in recent Friday trading. The company reported lower Q1 adjusted earnings and cut its 2025 financial guidance late Thursday.
Goldman Sachs downgraded the company's stock to neutral from buy.
Separately, Piper Sandler cut its price target to $116 from $154 and downgraded the stock to neutral from overweight.
Trading volume stood at over 9.2 million shares against a daily average of roughly 1.1 million.
Price: 101.99, Change: -30.85, Percent Change: -23.22
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