GlobalFoundries (GFS) Stock Forecast & Price Target

$42.80 +0.80 (+1.90%)

(As of 11/22/2024 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
17.32% 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 17.32% from the current price of $42.80.

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GFS Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
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	17.32% Upside	44.32% Upside	24.89% Upside	33.13% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	17.32% Upside	543.09% Upside	7.66% 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	UBS Group 4 of 5 stars	T. Arcuri Subscribe to MarketBeat All Access for the recommendation accuracy rating	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
Get the Latest News and Ratings for GFS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for GlobalFoundries and its competitors with MarketBeat's FREE daily newsletter.
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 Saturday at 11:20 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 Wednesday, November 20, 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.:

The stock is currently trading at $36.63, which may present a buying opportunity for investors looking for value in the semiconductor sector.
GLOBALFOUNDRIES has received a consensus recommendation of "Hold" from analysts, indicating a stable outlook with potential for growth, as eight analysts have rated it as a hold and six as a buy.
The company reported earnings per share (EPS) of $0.38 for the last quarter, exceeding the consensus estimate of $0.28, which reflects strong operational performance.
Institutional investors have shown increased interest, with several firms purchasing new positions or increasing their stakes, suggesting confidence in the company's future prospects.
Despite recent challenges, the company has a solid market capitalization of approximately $20.21 billion, indicating a strong presence in the industry.

GlobalFoundries
Bear Case

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

The stock recently hit a 52-week low of $37.63, indicating potential volatility and uncertainty in the market.
GLOBALFOUNDRIES experienced a year-over-year revenue decline of 11.5%, which may raise concerns about its growth trajectory and market demand.
Analysts have adjusted their price targets downward, with some reducing their expectations significantly, which could signal a lack of confidence in short-term performance.
The company has a relatively high price-to-earnings (P/E) ratio of 25.08, which may suggest that the stock is overvalued compared to its earnings, making it less attractive to value investors.
Recent trading activity shows a decline of 4.2%, reflecting negative sentiment among investors and potential challenges ahead.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for GlobalFoundries in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 17.32% 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.

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This page (NASDAQ:GFS) was last updated on 11/23/2024 by MarketBeat.com Staff

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GlobalFoundries (GFS) Stock Forecast & Price Target