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Why Mizuho Still Likes Globant (GLOB) Despite a Lower Price Target

Globant S.A. (NYSE:GLOB) is one of the cheap AI stocks to buy in 2026.

On March 3, 2026, Mizuho analyst Dan Dolev lowered his price target on Globant S.A. to $76 from $91 while maintaining an Outperform rating. According to The Fly coverage, Dolev said Globant reported better-than-expected fourth-quarter results and provided relatively in-line 2026 guidance.

The analyst note followed Globant’s February 26, 2026, fourth-quarter and full-year 2025 financial report. In that release, the company reported fourth-quarter revenue of $612.5 million, above its guidance, though down 4.7% year over year. Non-IFRS adjusted diluted EPS was $1.54, versus $1.75 in the prior-year quarter, while non-IFRS adjusted operating margin was 15.5%. For full-year 2025, revenue rose 1.6% to $2.4549 billion, and non-IFRS adjusted diluted EPS was $6.14.

Globant’s management tied the quarter to improving demand conditions and execution discipline. CEO Martín Migoya said the company is moving beyond a traditional seats model with a token-based intelligent subscription approach, while CFO Juan Urthiague said fourth-quarter revenue reflected an improvement in client sentiment. Urthiague also cited strong operational discipline, a pipeline exceeding $3 billion, and record quarterly free cash flow of $152.8 million.

For 2026, Globant guided to full-year revenue of $2.46 billion to $2.51 billion and non-IFRS adjusted diluted EPS of $6.10 to $6.50, which helps explain Mizuho’s description of the outlook as relatively in-line.

Globant S.A. (NYSE:GLOB) is a digital native technology services company that helps enterprises with digital transformation, software engineering, design, and AI-focused solutions across multiple industries.

While we acknowledge the potential of GLOB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GLOB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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