Globant CEO sees demand rebound as shares down 46% in 2026

Globant founder and CEO Martín Migoya said global demand for the company's services remains sustained, speaking to Bloomberg Línea during the Argentina Week forum in Paris. Migoya highlighted progress in the Glob.AI enterprise platform and positive market reception for its subscription-based AI Pods, which shift client billing toward an output-focused model.

Migoya noted that the technology services sector has experienced a rebirth over the past two months as investors recognise the enduring need for IT services. The executive also praised Argentina's fiscal discipline and economic reforms, pointing to incoming investments in energy, mining, agriculture, and oil.

Globant shares gained 9% over the past three months through Monday, October 5, 2026, when they closed at $36 on Wall Street. However, the stock is down 46% year to date and 41.2% over the trailing 12 months.

The 12-month average price target across 23 analysts covering Globant stands at $49.81, implying potential upside of 40.7%. Ratings include 10 buy recommendations and 13 hold recommendations, with zero sell ratings and a consensus score of 3.83 out of five. Recent targets include HSBC's Phani Kumar Varma at $100 with a buy rating, Mizuho's Sean Kennedy at $51 with an outperform rating, Morgan Stanley's César Medina at $50, Bradesco BBI's Daniel Federle and Itaú BBA's Maria Clara Infantozzi at $45, Wells Fargo's Jason Kupferberg at $42, and Deutsche Bank's Nate Svensson at $33 with a hold rating.