GlobalFoundries (GFS) Stock Forecast & Price Target

$39.17

-0.13 (-0.33%)

(As of 08:47 AM 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

$56.38
43.95% Upside

According to the 14 analysts' twelve-month price targets for GlobalFoundries, the average price target is $56.38. The highest price target for GFS is $71.00, while the lowest price target for GFS is $40.00. The average price target represents a forecasted upside of 43.95% from the current price of $39.17.

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GFS Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 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	$56.38	$57.54	$59.00	$76.19
Forecasted Upside	43.95% Upside	46.22% Upside	15.82% Upside	40.08% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	43.47% Upside	1,036.03% Upside	7.97% Upside
News Sentiment Rating	Neutral News See Recent GFS News	Neutral 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
10/8/2024	Cantor Fitzgerald 3 of 5 stars	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$55.00 ➝ $40.00	+1.45%
8/7/2024	Deutsche Bank Aktiengesellschaft 3 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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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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 Wednesday at 09:40 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 Sunday, October 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.:

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 14 Wall Street equities research analysts, the average twelve-month stock price forecast for GlobalFoundries is $56.38, with a high forecast of $71.00 and a low forecast of $40.00.
: 14 Wall Street 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 research analysts is that investors should "moderate buy" GFS shares.
: According to analysts, GlobalFoundries's stock has a predicted upside of 43.95% 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 2.67. Learn more on how GFS compares to other companies.