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Is Globant Stock a Buy?

TheMotleyFool

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Shares of technology consulting company Globant (NYSE: GLOB) have been on an absolute tear since it went public back in July 2014. Globant priced its IPO at $10 per share and is currently trading at $103.02, at the time of writing. So an investment of $1,000 in this stock during its IPO would have returned $10,300 in less than six years, easily outperforming the S&P 500 as seen in the below chart.

The stock touched an all-time high of $141.67 earlier this year before the COVID-19 pandemic-led sell-off drove it lower. However, past returns matter little to prospective investors. What they want to know is if the stock is an attractive buy at the current price.