11 Most Undervalued Technology Stocks to Buy According to Analysts

Page 6 of 10

5. Globant (NYSE:GLOB)

Forward P/E Ratio as of September 30: 9.23

Number of Hedge Fund Holders: 26

Average Upside Potential as of September 30: 48.14%

Globant (NYSE:GLOB) is one of the most undervalued technology stocks to buy according to analysts. On September 30, Globant announced a multi-year Strategic Collaboration Agreement/SCA with Amazon Web Services/AWS. The agreement expands upon the collaboration between the two companies, which has been in place for more than a decade, beginning in 2011.

The SCA is designed to provide clients globally with enhanced support for cloud migrations, acceleration of GenAI adoption, and the development of industry-specific solutions. Through the expanded partnership, Globant will use AWS services to support digital transformation initiatives across multiple industries, with a specific focus on Media & Entertainment, Gaming, Sports/MEGS, Banking & Financial Services/BFSI, Travel & Hospitality, and Automotive.

The collaboration aims to help businesses modernize their operations, improve customer experiences, and utilize GenAI capabilities. The long-standing relationship has already delivered advanced cloud solutions to various industries, including FSI and MEGS, with notable customers like Formula 1.

Globant (NYSE:GLOB) provides a range of technology services worldwide. For instance, the company offers studio products comprising AI Studios Network, Globant GUT Network to connect brands to end-consumers through marketing, Digital Evolution Network, and Enterprise Network.

Page 6 of 10