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We covered Globant (NYSE:GLOB) at the end of last year, and in that article we introduced the company and shared why we believed it was extremely overvalued despite there being much we
Globant: Approaching A Defensible Valuation, Upgrading To Hold
Summary
- After a significant share price decline, and continued improvement in fundamentals for Globant, we no longer believe shares to be extremely overvalued.
- We think the current share price can be more easily justified, but there is still a high level of uncertainty as to what the average growth rate will be.
- We believe that at least going forward investors should see returns more in line with business fundamentals, now that shares are trading at a more reasonable valuation.
Fin-tech startup leveraging machine learning technology to discover investing opportunities and to generate growth-optimal portfolios. Publisher of the WideAlpha AI-Selected Index, which has markedly outperformed its benchmark.
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