William Blair downgraded Globant to Market Perform from Outperform without a price target. The firm cites "persistent weakness" in discretionary spending, a more uncertain Middle East backdrop, and elevated execution risk and disruption as the company pivots into an AI-first model for the downgrade. These reduce Globant's visibility into a second half 2026 growth reacceleration, the analyst tells investors in a research note. Blair views the company's second half of the year setup as "increasingly challenging."
