GlobalFoundries (GFS) Stock Forecast & Price Target

$41.41 -0.97 (-2.29%)

(As of 12:09 PM ET)

GlobalFoundries - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 15 Analyst Ratings

Sell
0

Hold
9

Buy
6

Based on 15 Wall Street analysts who have issued ratings for GlobalFoundries in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 9 have given a hold rating, and 6 have given a buy rating for GFS.

Consensus Price Target

$50.21
21.26% Upside

According to the 15 analysts' twelve-month price targets for GlobalFoundries, the average price target is $50.21. The highest price target for GFS is $62.00, while the lowest price target for GFS is $40.00. The average price target represents a forecasted upside of 21.26% from the current price of $41.41.

GFS Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	14 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$50.21	$56.38	$57.54	$74.50
Forecasted Upside	21.26% Upside	40.93% Upside	29.91% Upside	31.88% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

Has Trump Finally Gone Too Far? (Ad)

Lately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks. It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives. But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars. And here's the good news.

GFS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GFS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

GlobalFoundries Stock vs. The Competition

Type	GlobalFoundries	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.40	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	20.33% Upside	550.11% Upside	10.39% Upside
News Sentiment Rating	Positive News See Recent GFS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	UBS Group 4 of 5 stars	Initiated Coverage	Neutral	$47.00	+10.90%
11/6/2024	Evercore ISI 2 of 5 stars	Lower Target	Outperform ➝ Outperform	$71.00 ➝ $55.00	+19.44%
11/6/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars	Lower Target	Buy ➝ Buy	$55.00 ➝ $50.00	+9.19%
11/6/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$50.00 ➝ $48.00	+4.76%
11/6/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$40.00 ➝ $40.00	-10.59%
11/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
2025 AI Stock Picks: 2 Hidden Gems Under $10/Share (Ad) The AI sector continues to make waves as we move into 2025, and now is a prime opportunity to get involved—without stretching your budget! We’ve just uncovered 2 promising AI stocks trading for under $10/share, and they’re positioned for impressive growth in the coming months. 👉[Click here to get your FREE report delivered instantly!]
11/6/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$63.00 ➝ $50.00	+20.86%
11/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$45.00 ➝ $40.00	-3.31%
11/5/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$65.00 ➝ $60.00	+45.03%
10/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$53.00 ➝ $43.00	+6.44%
8/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$65.00 ➝ $55.00	+27.23%
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy ➝ Buy	$67.00 ➝ $62.00	+21.35%
5/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$56.00 ➝ $43.00	-12.73%
4/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$62.00 ➝ $55.00	+13.94%
2/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$56.00 ➝ $55.00	+1.51%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$80.00	+19.89%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$75.00 ➝ $80.00	+13.72%
2/15/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$70.00 ➝ $90.00	+32.00%
2/15/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$70.00 ➝ $80.00	+11.53%
2/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$78.00 ➝ $85.00	+18.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:29 PM ET.

Should I Buy GlobalFoundries Stock? GFS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 8, 2024. Please send any questions or comments about these GlobalFoundries pros and cons to contact@marketbeat.com.

GlobalFoundries
Bull Case

Here are some ways that investors could benefit from investing in GLOBALFOUNDRIES Inc.:

GLOBALFOUNDRIES Inc. has shown consistent growth in revenue and earnings, indicating a strong financial performance.
The company's return on equity of 7.75% demonstrates its ability to generate profit from shareholders' equity.
Recent institutional investments, such as Select Equity Group L.P. increasing its stake by 207.1%, suggest confidence in the company's future prospects.
With a current stock price of $40.83, there may be an opportunity for investors to enter at a potentially favorable valuation.
GLOBALFOUNDRIES Inc. offers a range of mainstream wafer fabrication services and technologies, positioning it well in the semiconductor industry.

GlobalFoundries
Bear Case

Investors should be bearish about investing in GLOBALFOUNDRIES Inc. for these reasons:

The company's revenue was down 11.5% in the last reported quarter, indicating a decline in sales performance.
GLOBALFOUNDRIES Inc.'s stock has a beta of 1.54, suggesting higher volatility compared to the market average, which may pose risks for investors.
The P/E ratio of 25.16 and P/E/G ratio of 6.36 may indicate that the stock is currently overvalued relative to its growth prospects.
The 50-day moving average of $44.71 is below the 200-day moving average of $48.80, potentially signaling a short-term bearish trend.
Analysts forecast a lower EPS of 1.09 for the current year, which could impact investor sentiment regarding future earnings potential.

GFS Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for GlobalFoundries is $50.21, with a high forecast of $62.00 and a low forecast of $40.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GlobalFoundries in the last twelve months. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GFS, but not buy additional shares or sell existing shares.
: According to analysts, GlobalFoundries's stock has a predicted upside of 21.26% based on their 12-month stock forecasts.
: Over the previous 90 days, GlobalFoundries's stock had 1 downgrade by analysts.
: GlobalFoundries has been rated by research analysts at Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Morgan Stanley, Needham & Company LLC, Robert W. Baird, Susquehanna, UBS Group, and Wedbush in the past 90 days.
: Analysts like GlobalFoundries less than other "computer and technology" companies. The consensus rating for GlobalFoundries is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GFS compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

Bill Gates’ is about to mint millionaires (again) with Stargate. (Ad)

This little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrough so advanced, it’s going to make ChatGPT look like VHS. But what’s even more unbelievable? I believe it’ll make Nvidia’s meteoric rise look like a backyard bottle rocket.

Click here and I’ll tell you everything you need to know.

This page (NASDAQ:GFS) was last updated on 11/20/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

GlobalFoundries (GFS) Stock Forecast & Price Target