Globant S.A. (NYSE:GLOB) is included in our list of the 10 Most Undervalued Foreign Stocks to Buy According to Analysts.
On July 21, 2025, Scotiabank upgraded its rating on Globant S.A. to ‘Outperform’. Maintaining a $115 price target, the analyst cited the company’s industry-leading capabilities and increased capacity to meet the growing demand for AI-driven enterprise solutions. Scotiabank also considers the company’s Service-as-a-Software (SaaS) model that integrates AI-led workflows across business operations.
This upgrade from the analyst follows a challenging 2025 so far. A 54% YoY decline in Globant S.A.’s shares was noted in Alger Mid Cap Focus Fund’s Q2 2025 investor letter, following weaker-than-expected Q1 results. The company attributed its weak Q1 performance to project delays, especially in North America, amid ongoing macroeconomic uncertainty.
Globant S.A., a Luxembourg-based technology services firm, leverages AI, cloud, software development, and enterprise solutions to help businesses transform digitally. It remains on our list of the most undervalued stocks.
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