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Analysts Offer Insights on Technology Companies: Globant SA (GLOB) and Dropbox (DBX)

Analysts have been eager to weigh in on the Technology sector with new ratings on Globant SA (GLOBResearch Report) and Dropbox (DBXResearch Report).

Globant SA (GLOB)

Jefferies analyst Surinder Thind reiterated a Buy rating on Globant SA today and set a price target of $275.00. The company’s shares closed last Thursday at $239.11, close to its 52-week high of $251.50.

According to TipRanks.com, Thind is ranked #620 out of 8732 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Globant SA with a $261.73 average price target, implying a 9.0% upside from current levels. In a report issued on February 8, Banco Santander also upgraded the stock to Buy with a $260.00 price target.

See the top stocks recommended by analysts >>

Dropbox (DBX)

In a report released today, Brian White from Monness maintained a Hold rating on Dropbox. The company’s shares closed last Thursday at $32.54, close to its 52-week high of $33.43.

According to TipRanks.com, White is a top 100 analyst with an average return of 21.5% and a 67.5% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Salesforce, and PagerDuty.

Dropbox has an analyst consensus of Hold, with a price target consensus of $31.00, which is a -4.3% downside from current levels. In a report released today, JMP Securities also downgraded the stock to Hold.

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