UBS Forecasts Stable IT Services Growth for Globant (GLOB) in 2026

Globant S.A. (NYSE:GLOB) ranks among the best high growth European stocks to buy. On January 20, UBS boosted its price target for Globant S.A. (NYSE:GLOB) to $75 from $70 while keeping a Neutral rating on the company’s shares. Globant is expected to report a 6% year-over-year decrease in revenue to $607 million in the fourth quarter of 2025, somewhat higher than the company’s projection of $605 million.

UBS predicts that Globant’s adjusted gross margin would fall to 37.8% owing to foreign exchange challenges, though adjusted EBIT margin is projected to climb to 15.3%, beating the company’s guidance of “at least” 15%.

UBS forecasts 1.6% year-over-year growth in 2026, indicating that the IT services market has stabilized but has not improved significantly since 2025. The firm sees potential for expansion from new clients, including Riot Games and YPF, but prefers to wait for implementation before making a more positive assessment.

Globant S.A. (NYSE:GLOB) is a technology company that provides digital and cognitive transformation services for businesses, creating “digitally-native” products and helping organizations evolve their technology and business strategies.

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