Globant SA stock fell due to mixed results and soft guidance

From Yahoo Finance: 2025-04-21 07:57:00

Wasatch Global Investors released its first-quarter 2025 investor letter, reporting U.S. stock declines due to economic concerns. The Russell 2000® Growth index ended the quarter with an -11.12% loss, with the Wasatch Small Cap Growth strategy also declining. Check the fund’s top five holdings for 2025 picks.

Globant S.A. (NYSE:GLOB) stock fell -17.99% in one month and -40.99% over 52 weeks. On April 17, 2025, shares closed at $105.93 with a market cap of $4.667 billion. Wasatch Small Cap Growth Strategy highlighted Globant S.A. in its Q1 2025 investor letter.

Globant S.A. (NYSE:GLOB) faced performance challenges in Q1 2025 due to mixed operating results and soft 2025 guidance. Despite volatility, the company continues to show growth potential in the IT industry. Businesses are adopting AI, benefiting Globant in the long term.

Globant S.A. (NYSE:GLOB) saw revenue increase in Q4 2024, but it is not among the 30 most popular stocks among hedge funds. While it has investment potential, AI stocks may offer higher returns in a shorter timeframe. Consider AI stocks like NVIDIA for promising investments.

Read more: Globant SA (GLOB) Fell on Mixed Results and Softer Guidance