GlobalData – shares now 74p could be a useful punt ahead of next week’s Interims, I set an easy 100p price objective

Mark Watson-Mitchell - 07.09.2026

Its Mission –

To help clients decode the future, make better decisions, and reach more customers.

Its Vision –

To be the leading data, analytics, and insights platform for the world’s largest industries.

Next Monday, 14^th September, GlobalData (LON:DATA) will announce its Interim Results for the six months to end-June, when the leading data, insight and technology group will provide the market with further details on its ‘value creation plan’.

The £525m-capitalised group operates a productivity and intelligence platform that delivers trusted proprietary insights and tailored intelligence solutions to the world’s largest industries.

Its shares, which are now 74p, have this year been as high as 126p and as low as 60.60p.

Ahead of next week’s news they could well prove to be a useful punt for risk-tolerant investors.

The Business

GlobalData was formed in 2016, following the consolidation of several well-established data and analytics providers, with heritage leading back over 50 years. 

In a world of complexity and change, the company provides an intelligence and productivity platform that empowers leaders to act decisively.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, it helps organisations to see what’s coming, move faster, and lead with confidence.

The group is now a truly unique research, consulting and events business, with unparalleled insight into the world’s largest industries. 

The company’s connected platform uniquely integrates proprietary data, expert insight, and purpose-built AI into a unified operating system that powers the next generation of intelligence solutions. 

Its 3,740 employees help to cover over 20 industry sectors, providing services to in excess of 4,900 clients, who typically subscribe for 12 months’ access. 

The visible and recurring revenue base creates a resilient business model, with subscriptions making up approximately 80% of revenue.  

The balance of its revenue is made up of ancillary services such as bespoke consulting, single copy reports and events, all of which harness its core assets. 

The visible and recurring revenue base creates a resilient business model, with subscriptions making up 74% of revenue.

The balance of its revenue is made up of ancillary services such as bespoke consulting, single copy reports and events, all of which harness its core assets.

Interim Trading Update

On Thursday, 9^th July, the group reported that it expects some 3% revenue growth for the first half of 2026, with underlying growth at 1%, and contracted forward revenue growth of approximately 6%.

Adjusted EBITDA is projected to grow 4-5%, with full-year results anticipated at the low end of consensus due to planned second-half margin acceleration initiatives.

On that day the company announced its intention to launch a £30m Tender Offer for buying back some 35.29m shares at 85p each, some 4.73% of the capital.

The group also completed the acquisition of Cambridge Healthcare and secured increased financing headroom, upsizing its non-Healthcare facility by £60m to £245m and extending its Healthcare facility by a year. 

Management Comment

Alongside the Interim Update CEO Mike Danson stated that:

"The first half of 2026 has been a period of progress, albeit one where the pace of revenue growth has been challenging.

The fundamentals of GlobalData are strong, delivering subscription-based proprietary content to attractive markets across a variety of commercial use cases.

GlobalData has a portfolio of unique and valuable assets, increasingly powered by AI, a playbook that underpins our conviction on the continued development and positive outlook for our businesses, and optionality for unlocking value for shareholders.

I look forward to setting out our plans in September to provide more details on accelerating the development roadmap to drive revenue growth across our asset portfolio."

Outlook

The group has stated that demand across all of its end markets remains robust, albeit within a challenging macro-economic environment.

The group's recurring revenue model continues to provide strong visibility, and robust renewal rates demonstrate that its core customer relationships remain resilient (value renewal rate approximately 89% for previous 12 months: Dec-25: 88%).

The underlying revenue growth rate for the period of approximately 1%

requires greater consistency in performance from the group’s sales investments to accelerate, but confidence is taken from sizeable enterprise client wins over the past 12 months.

Actions are being taken across the business to drive value creation in each market-led business - more detail to be provided next Monday.

The group expects full-year Adjusted EBITDA at the low end of consensus, reflecting planned actions in the second half to accelerate margin.

*GlobalData's compiled expectations consensus, updated in June 2026, for FY26 are as follows: Revenue range £330m - £339m and Adjusted EBITDA range of £126-£134m.

The Equity

There are some 707.5m shares in issue.

The larger holders include Mike Danson (60.79%), the GlobalData Plc 2020 Employee Benefit Trust (7.12%), Liontrust Asset Management (5.14%), Wayne Lloyd and relatives (3.07%), Gresham House Asset Management (3.03%), BlackRock Investment Management (UK) (2.12%), Canaccord Genuity Asset Management (1.50%), Threadneedle Asset Management (1.27%), abrdn Investment Management (1.27%), FIL Investment Advisors (UK) (1.16%), Royal London Asset Management (1.15%), and Chelverton Asset Management (0.71%).

Broker Views

Some eight analysts follow the company, six of whom call the shares a Buy, while the other two call them a Hold.

The consensus average is for a 124p Target Price, whith the Lowest set at 77p and the Highest at 170p.

Since the Interim Update analysts at JP Morgan Cazenove have put out a Neutral opinion on the group’s shares, with a Target Price of 110p.

Analysts Sean Kealy and Johnathan Barrett, at Panmure Liberum, in early July dropped their Target Price from 153p to 140p.

They note that:

“A return to growth, combined with GlobalData’s high operational gearing, would drive significant margin rebuild and rapidly re-rate the shares toward at least the peer group average multiple.

We retain our Buy rating but trim our TP to 140p reflecting a more sophisticated approach to adjusting for the minority interest and leaving 83% upside in the shares.

We flag further that this 83% upside does not assume a sectoral re-rating.”

For the current year to end-December, the analysts look for sales of £330m (£322m) but with pre-tax profits slightly lower at £94.7m (£99.6m), earnings of 7.6p (7.3p) and paying out a 1.6p (1.5p) per share dividend.

The 2027 year could see £341m sales, £105.4m profits, 9.0p earnings and a 1.8p per share dividend.

My View

Not only will investors get a much clearer message from next week’s Interim Results statement about the current year prospects but also its ‘value creation plan’.

Based upon broker estimates, I consider that the group’s shares are undervalued, trading at 74p; they are on just 9.7 times current-year earnings and a mere 8.2 times prospective.

They have 100p as an easy price objective.