Globant Snaps up HABITANT In Digital Marketing Push

Technology services company Globant (GLOB) has acquired digital marketing firm HABITANT, an expert in paid media, MAdTech, digital sales, and digital marketing. The acquisition helps Globant expand its footprint in Read More... The post Globant Snaps up HABITANT In Digital Marketing Push appeared first on TipRanks Financial Blog.

Globant Snaps up HABITANT In Digital Marketing Push

Technology services company Globant () has acquired digital marketing firm HABITANT, an expert in paid media, MAdTech, digital sales, and digital marketing. The acquisition helps Globant expand its footprint in Europe.

Globant Co-Founder and CEO Martin Migoya said, “Organizations are challenged to reinvent themselves, to find new ways to reach their audiences and create engaging experiences.” (See Globant stock analysis on TipRanks)

Migoya added, “HABITANT’s work integrating disciplines such as digital marketing, technology, design, creativity, innovation, and data is a great complement to continue developing unique strategies and solutions that generate long-term transformations.”

On May 5, Goldman Sachs analyst Diego M. Aragao reiterated a Hold rating on the stock and raised the price target to $230 (12% upside potential) from $210.

Citigroup analyst Ashwin Shirvaikar has a Hold rating on the stock with a $240 price target. Commenting on Globant’s Q4 results, Shirvaikar noted the initial outlook as “robust.”

Furthermore, Globant is expected to report Q1 results today. Analysts expect the company to report revenue of $259.3 million and earnings per share of $0.80 for the quarter.

In Q4 2021, the company had generated revenue of $232.6 million versus consensus estimates of $222.34 million and earnings per share of $0.70 versus consensus forecasts of $0.67.

Consensus among analysts is that Globant is a Moderate Buy based on 4 Buys and 3 Holds. The average analyst price target of $235.71 implies 14.8% upside potential. Shares have gained about 75% over the past year.

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The post Globant Snaps up HABITANT In Digital Marketing Push appeared first on TipRanks Financial Blog.

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CSX Snaps Up Quality Carriers; Street Says Buy

Transportation company CSX Corp. (CSX) has agreed to acquire Quality Carriers from Quality Distribution Inc. CSX is a transportation company providing rail, intermodal, and rail-to-truck transload services and solutions. Quality Read More... The post CSX Snaps Up Quality Carriers; Street Says Buy appeared first on TipRanks Financial Blog.

CSX Snaps Up Quality Carriers; Street Says Buy

Transportation company CSX Corp. () has agreed to acquire Quality Carriers from Quality Distribution Inc. CSX is a transportation company providing rail, intermodal, and rail-to-truck transload services and solutions. Quality Carriers is a provider of truck transportation for bulk liquid chemicals in North America.

The terms of the acquisition were not disclosed. CSX expects it to close in Q3.

Quality has an extensive fleet of bulk tank trucks and around 2,500 drivers.  The acquisition is expected to widen the presence of both companies and create a unique solution for multimodal chemical transport.  

CSX President and CEO James M. Foote said, “The acquisition of Quality Carriers further demonstrates our commitment to the strategic growth of our business and deepening our relationships with customers.” (See CSX Corp stock analysis on TipRanks)

Foote added, “Our new partnership will provide chemical producers and shippers with a first-of-its-kind multimodal solution that capitalizes on the powerful synergies between Quality Carriers’ truck transportation fleet and our cost-advantaged rail network.”

On April 21, RBC Capital analyst Walter Spracklin reiterated a Buy rating on the stock and increased the price target to $108 (8.4% upside potential) from $100.

Spracklin noted CSX’s Q1 performance as “mixed” with earnings “light” compared to estimates. Nonetheless, the analyst continues to favor CSX owing to its robust operating model amongst an increase in volume and related volatility.

Consensus among analysts is that CSX is a Strong Buy based on 10 Buys and 3 Holds. The average analyst price target of $107.46 implies 7.8% upside potential. Shares have gained about 55.3% over the past year.

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The post CSX Snaps Up Quality Carriers; Street Says Buy appeared first on TipRanks Financial Blog.

Source : Tip Ranks More   

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