Globant S.A. (NYSE:GLOB) is one of the most shorted mid-cap and small-cap stocks to buy now. On May 19, Mizuho reiterated an Outperform rating on Globant S.A. (NYSE:GLOB) but lowered its price target to $59 from $76.
The price target cut is in stark contrast to the company delivering solid first-quarter results at the high end of its growth guidance, while also raising its low-end 2026 growth guidance. The strong quarterly results came in better than expected, despite soft demand amid weak macroeconomic conditions. Revenue in the quarter was down 0.7% year over year to $607.1 million as adjusted diluted earnings per share came in at $1.50. The company also generated $36.1 million in free cash flow.
According to Mizuho, Globant S.A.’s year-over-year organic constant currency growth bottomed in the fourth quarter of 2025. The research firm expects the company’s organic growth to accelerate throughout the year and inflect positively in the third quarter. Second quarter 2026 revenues are expected to be in the range of $610 million to $616 million, with Non-IFRS Adjusted Diluted EPS between $1.45 and $1.55.
Globant S.A. (NYSE:GLOB) is a digitally-native IT and software development company. It specializes in digital transformation, custom software engineering, and artificial intelligence integration to help global brands reinvent their customer experiences and internal operations.
While we acknowledge the potential of GLOB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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