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.
Source Fool.com