Koh Sze Kiat Investment Thesis Globant (NYSE: GLOB ) has been a fabulous compounder in the last decade, with shares up over 1,400% since 2014. However, the company has dropped over 50% from its all-time high in 2021 as macro headwinds hit. I believe the pullback offers a bottom-fishing opportunity for long-term investors. The pace of digital transformation has been accelerating in the past few years and should continue to provide strong tailwinds. The company latest earnings reported impressive revenue growth despite facing a tough backdrop. Despite the significant drop, its valuation is still elevated with multiples slightly above peers. I think the company is close to fully valued and I rate it as a hold. Data by YCharts Huge Market Opportunity Globant is a Luxembourg-based digital consulting company founded back in 2003. The company helps customers all around the globe innovate and grow through different digital transformation services. For example, it can help facilitate the shift to Cloud or improve the payment system through the latest fintech solutions. It provides a full end-to-end service from strategy to execution. The company’s existing customers include blue-chip companies such as Coca-Cola ( KO ), American Express ( AXP ), and Unilever […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
