Downward Revision Of Forecast Hit Globant S.A. (GLOB) in Q3

Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter.  A copy of the letter can be downloaded here. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the strongest momentum phases in over 70 years. Since the beginning of the year, high-momentum stocks have outperformed low-momentum stocks by a remarkable 45 percentage points, with much of the growth driven by advancements in AI. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Harding Loevner Global Equity Strategy highlighted stocks such as Globant S.A. (NYSE:GLOB). Globant S.A. (NYSE:GLOB) is a Luxembourg-based technology services company. The one-month return of Globant S.A. (NYSE:GLOB) was 18.04%, and its shares lost 68.75% of their value over the last 52 weeks. On December 03, 2025, Globant S.A. (NYSE:GLOB) stock closed at $69.41 per share, with a market capitalization of $3.058 billion.

Harding Loevner Global Equity Strategy stated the following regarding Globant S.A. (NYSE:GLOB) in its third quarter 2025 investor letter:

"Shares of Globant S.A. (NYSE:GLOB) have also struggled. Growth has slowed significantly over the past year, and while recent results met consensus expectations, they were accompanied by another downward revision to management's forecasts. Even as the company's pipeline remains strong, with aggregate estimated contract values up 25% year over year, customers have postponed implementations due to macroeconomic uncertainty."

Globant S.A. (NYSE:GLOB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Globant S.A. (NYSE:GLOB) at the end of the third quarter, which was 26 in the previous quarter. Globant S.A. (NYSE:GLOB) generated revenues of $617.1 million in Q3 2025, up 0.4% year over year and 0.5% sequentially. While we acknowledge the potential of Globant S.A. (NYSE:GLOB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Globant S.A. (NYSE:GLOB) and shared the list of stocks Jim Cramer discussed recently. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.