GLOB

Globant's stock price has significantly declined, dropping approximately 66.92% between May 7, 2025, and May 6, 2026, and around 54% over the past 12 months, trading near its 52-week low. This decline is attributed to sector-wide pressure from fears of AI disruption, a challenging earnings environment for global IT services peers, and issues with Latin American operations, which led to multiple securities class-action lawsuits alleging that Globant misled investors about its performance in the region. These lawsuits claim that Globant concealed declining demand, client defections, project cancellations, and wage freezes in countries like Argentina and Mexico. Analyst downgrades, reflecting concerns over AI-related demand disruption and revenue decline, have also contributed to the stock's poor performance.