Needham Maintains Buy on GLOB, Lowers Price Target to $60 Feb 27 2026

Needham maintained a Buy on Globant S.A. (GLOB) and lowered its price target to $60 on February 27, 2026. This GLOB analyst rating note, timestamped 12:56 PM, kept the positive rating even as the firm trimmed expectations. The update coincided with a share move down 6.03%, equal to $3.01 since the note. We view this action as a cautious endorsement: Needham still favors the stock but sees less near-term upside versus prior forecasts.