GlobalFoundries (GFS) Stock Forecast & Price Target

$39.73

+0.08 (+0.20%)

(As of 10/7/2024 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

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
7

Buy
7

Based on 14 Wall Street analysts who have issued ratings for GlobalFoundries in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for GFS.

Consensus Price Target

$57.54
44.82% Upside

According to the 14 analysts' twelve-month price targets for GlobalFoundries, the average price target is $57.54. The highest price target for GFS is $71.00, while the lowest price target for GFS is $43.00. The average price target represents a forecasted upside of 44.82% from the current price of $39.73.

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GFS Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	13 Buy rating(s)
Hold	7 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	$57.54	$57.54	$60.62	$76.19
Forecasted Upside	44.82% Upside	43.42% Upside	13.09% Upside	33.85% Upside
Consensus Rating	Moderate Buy	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	2.50	2.66	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	44.82% Upside	1,684.59% Upside	7.99% Upside
News Sentiment Rating	Neutral 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
8/7/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Buy ➝ Buy	$60.00 ➝ $55.00	+26.03%
8/7/2024	Wedbush 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$65.00 ➝ $65.00	+44.41%
8/7/2024	Evercore ISI 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$77.00 ➝ $71.00	+58.59%
8/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
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%
7/16/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$55.00 ➝ $55.00	+1.57%
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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%
5/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$62.00 ➝ $63.00	+20.67%
5/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$48.00 ➝ $50.00	-6.12%
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	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$70.00 ➝ $63.00	+16.11%
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%
2/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$70.00 ➝ $56.00	+2.45%
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%
11/9/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$75.00 ➝ $80.00	+30.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:35 AM 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 Monday, October 7, 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 a market capitalization of $22.01 billion, indicating a strong position in the market.
The company reported $0.38 EPS for the last quarter, surpassing the consensus estimate of $0.28, showcasing positive earnings growth.
Recent institutional trading activities have shown increased stakes in the company, indicating confidence from hedge funds and asset management firms.
Despite a recent stock price decline, the company's 200-day simple moving average of $49.85 suggests potential for a rebound in the near future.
GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide, tapping into the growing demand for semiconductor services in various industries.

GlobalFoundries
Bear Case

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

The company's stock price has experienced a 2.9% decline, indicating short-term volatility and potential market challenges.
GLOBALFOUNDRIES Inc. has a price-to-earnings-growth ratio of 6.48, which may suggest overvaluation compared to its growth prospects.
The firm's revenue was down 11.5% on a year-over-year basis, signaling a decline in top-line performance.
Debt-to-equity ratio of 0.19 may raise concerns about the company's financial leverage and ability to manage debt obligations.
The company's fifty-two week low of $39.12 indicates recent price volatility and potential downside risk for investors.

GFS Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for GlobalFoundries is $57.54, with a high forecast of $71.00 and a low forecast of $43.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GlobalFoundries in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GFS shares.
: According to analysts, GlobalFoundries's stock has a predicted upside of 44.82% based on their 12-month stock forecasts.
: GlobalFoundries has been rated by research analysts at Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Evercore ISI, Needham & Company LLC, TD Cowen, and Wedbush in the past 90 days.
: Analysts like GlobalFoundries less than other "computer and technology" companies. The consensus rating score for GlobalFoundries is 2.50 while the average consensus rating score for "computer and technology" companies is 2.66. Learn more on how GFS compares to other companies.

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This page (NASDAQ:GFS) was last updated on 10/7/2024 by MarketBeat.com Staff

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