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GLOBALFOUNDRIES - GFS Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $60.62
  • Forecasted Upside: 12.35%
  • Number of Analysts: 14
  • Breakdown:
  • 0 Sell Ratings
  • 7 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$53.95 As of 05/17/2024 01:00 AM ET
▼ -0.23 (-0.42%)

This chart shows the closing price for GFS by one month, three months, or twelve months.

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Analyst Price Target for GFS

Analyst Price Target is $60.62
▲ +12.35% Upside Potential
This price target is based on 14 analysts offering 12 month price targets for GLOBALFOUNDRIES in the last 3 months. The average price target is $60.62, with a high forecast of $80.00 and a low forecast of $43.00. The average price target represents a 12.35% upside from the last price of $53.95.

This chart shows the closing price for GFS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 14 polled investment analysts is to moderate buy stock in GLOBALFOUNDRIES. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
11/25/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
2/23/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
2/18/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
4/18/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
5/18/2024

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/13/2024Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$67.00 ➝ $62.00Low
5/8/2024Morgan StanleyBoost TargetOverweight ➝ Overweight$62.00 ➝ $63.00Low
5/8/2024SusquehannaBoost TargetNeutral ➝ Neutral$48.00 ➝ $50.00Low
5/8/2024Needham & Company LLCReiterated RatingHoldLow
5/3/2024HSBCLower TargetHold ➝ Hold$56.00 ➝ $43.00Low
4/16/2024Bank of AmericaLower TargetNeutral ➝ Neutral$62.00 ➝ $55.00Low
4/16/2024Evercore ISIInitiated CoverageOutperform$71.00Low
4/8/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Neutral$70.00 ➝ $55.00Low
3/5/2024SusquehannaReiterated RatingPositive ➝ Neutral$65.00 ➝ $48.00Low
2/14/2024Robert W. BairdLower TargetOutperform ➝ Outperform$70.00 ➝ $63.00Low
2/14/2024JPMorgan Chase & Co.Lower TargetNeutral ➝ Neutral$56.00 ➝ $55.00Low
2/14/2024SusquehannaLower TargetPositive ➝ Positive$74.00 ➝ $65.00Low
2/14/2024Cantor FitzgeraldReiterated RatingOverweight ➝ Overweight$70.00Low
2/14/2024CitigroupDowngradeBuy ➝ Neutral$70.00 ➝ $56.00Low
2/5/2024JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$65.00 ➝ $56.00Low
1/23/2024Cantor FitzgeraldInitiated CoverageOverweight$70.00Low
12/15/2023Bank of AmericaDowngradeBuy ➝ Neutral$70.00 ➝ $65.00Low
11/8/2023Morgan StanleyLower TargetOverweight ➝ Overweight$73.00 ➝ $68.00Low
11/8/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$75.00 ➝ $65.00Low
11/7/2023WedbushReiterated RatingOutperform$70.00Low
11/2/2023SusquehannaLower TargetPositive ➝ Positive$82.00 ➝ $75.00N/A
8/9/2023WedbushReiterated RatingOutperform$72.00 ➝ $70.00Low
8/9/2023Morgan StanleyLower TargetOverweight ➝ Overweight$80.00 ➝ $73.00Low
8/9/2023Deutsche Bank AktiengesellschaftLower TargetBuy ➝ Buy$70.00 ➝ $65.00Low
8/9/2023HSBCLower Target$65.00 ➝ $64.00Low
8/9/2023Bank of AmericaLower Target$75.00 ➝ $70.00Low
8/9/2023CitigroupLower TargetBuy ➝ Buy$77.00 ➝ $70.00Low
8/4/2023SusquehannaLower TargetPositive ➝ Positive$84.00 ➝ $82.00Low
7/19/2023Wolfe ResearchInitiated CoverageOutperform$80.00Low
5/10/2023TD CowenLower TargetOutperform$80.00 ➝ $70.00Low
5/10/2023WedbushLower TargetOutperform$80.00 ➝ $72.00Low
2/15/2023CowenBoost TargetOutperform$75.00 ➝ $80.00Low
2/15/2023Raymond JamesBoost TargetOutperform$70.00 ➝ $90.00Low
2/15/2023Morgan StanleyBoost TargetOverweight$72.00 ➝ $85.00Low
2/15/2023Loop CapitalBoost TargetBuy$70.00 ➝ $80.00Low
2/15/2023Needham & Company LLCBoost TargetBuy$72.00 ➝ $80.00Low
2/15/2023SusquehannaBoost TargetPositive$76.00 ➝ $84.00Low
2/15/2023CowenBoost TargetOutperform$75.00 ➝ $80.00Low
2/15/2023CitigroupBoost TargetBuy$67.00 ➝ $77.00Low
2/15/2023Credit Suisse GroupBoost TargetOutperform$78.00 ➝ $85.00Low
2/15/2023HSBCBoost TargetHold$55.00 ➝ $65.00Low
2/14/2023Deutsche Bank AktiengesellschaftBoost Target$70.00 ➝ $75.00Low
1/23/2023Loop CapitalInitiated CoverageBuy$70.00Low
12/14/2022Deutsche Bank AktiengesellschaftBoost Target$67.00 ➝ $70.00Low
11/16/2022Credit Suisse GroupReiterated RatingOutperform$78.00Low
11/15/2022HSBCBoost Target$55.00Low
11/9/2022Bank of AmericaBoost Target$75.00 ➝ $80.00Low
11/9/2022Susquehanna BancsharesBoost Target$75.00 ➝ $80.00Low
11/9/2022Needham & Company LLCBoost TargetBuy$68.00 ➝ $72.00Low
11/9/2022Deutsche Bank AktiengesellschaftBoost Target$60.00 ➝ $67.00Low
11/9/2022SusquehannaBoost Target$75.00 ➝ $80.00Low
10/25/2022Needham & Company LLCLower Target$70.00 ➝ $68.00Low
10/18/2022Deutsche Bank AktiengesellschaftLower TargetBuy$65.00 ➝ $60.00Low
8/10/2022Deutsche Bank AktiengesellschaftBoost TargetBuy$55.00 ➝ $60.00Low
8/10/2022CitigroupLower TargetBuy$70.00 ➝ $67.00Low
8/10/2022Needham & Company LLCBoost TargetBuy$50.00 ➝ $70.00Low
7/20/2022Deutsche Bank AktiengesellschaftLower Target$70.00 ➝ $55.00Low
7/11/2022Susquehanna BancsharesLower Target$85.00 ➝ $75.00N/A
7/11/2022SusquehannaLower Target$85.00 ➝ $75.00N/A
7/5/2022Needham & Company LLCLower Target$50.00N/A
6/29/2022Bank of AmericaLower TargetBuy$75.00 ➝ $57.00Low
6/6/2022CitigroupBoost TargetBuy$65.00 ➝ $70.00Medium
5/11/2022JPMorgan Chase & Co.Lower Target$82.00 ➝ $77.00High
4/20/2022Deutsche Bank AktiengesellschaftLower TargetBuy$78.00 ➝ $70.00Low
3/3/2022Morgan StanleyUpgradeEqual Weight ➝ Overweight$70.00 ➝ $72.50High
2/9/2022Morgan StanleyBoost TargetEqual Weight$68.00 ➝ $70.00High
12/29/2021Needham & Company LLCReiterated RatingBuy$87.00Low
12/5/2021Susquehanna BancsharesReiterated RatingBuyN/A
12/5/2021SusquehannaReiterated RatingBuyN/A
12/1/2021Morgan StanleyBoost TargetEqual Weight$67.00 ➝ $68.00High
12/1/2021Needham & Company LLCBoost TargetBuy$85.00 ➝ $87.00High
12/1/2021Credit Suisse GroupBoost TargetIn-Line ➝ Outperform$75.00 ➝ $80.00High
12/1/2021Deutsche Bank AktiengesellschaftBoost TargetBuy$75.00 ➝ $78.00High
11/22/2021HSBCInitiated CoverageHold$63.50High
11/22/2021Bank of AmericaInitiated CoverageBuy$88.00High
11/22/2021Morgan StanleyInitiated CoverageEqual Weight$67.00High
11/22/2021WedbushInitiated CoverageOutperform$75.00High
11/22/2021Deutsche Bank AktiengesellschaftInitiated CoverageBuy$75.00High
11/22/2021Raymond JamesInitiated CoverageOutperform$80.00High
11/22/2021Jefferies Financial GroupInitiated CoverageBuy$87.00High
11/22/2021Needham & Company LLCInitiated CoverageBuy$85.00High
11/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$80.00High
11/22/2021CowenInitiated CoverageOutperform$80.00High
11/22/2021CitigroupInitiated CoverageBuy$75.00High
11/22/2021Credit Suisse GroupInitiated CoverageOutperform$75.00High
11/22/2021Robert W. BairdInitiated CoverageOutperform$100.00High
11/9/2021Susquehanna BancsharesInitiated CoveragePositive$85.00Low
11/9/2021SusquehannaInitiated CoveragePositive$85.00Low
(Data available from 5/18/2019 forward)

News Sentiment Rating

0.53 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 12 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2023
  • 5 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/20/2023
  • 10 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2023
  • 8 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/19/2024
  • 17 very positive mentions
  • 25 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
2/18/2024
  • 25 very positive mentions
  • 18 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2024
  • 8 very positive mentions
  • 13 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
4/18/2024
  • 14 very positive mentions
  • 17 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
5/18/2024

Current Sentiment

  • 14 very positive mentions
  • 17 positive mentions
  • 5 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

GLOBALFOUNDRIES logo
GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.
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Today's Range

Now: $53.95
Low: $53.51
High: $54.50

50 Day Range

MA: $50.67
Low: $46.26
High: $54.47

52 Week Range

Now: $53.95
Low: $45.52
High: $68.57

Volume

870,259 shs

Average Volume

1,527,337 shs

Market Capitalization

$29.86 billion

P/E Ratio

33.30

Dividend Yield

N/A

Beta

1.61

Frequently Asked Questions

What sell-side analysts currently cover shares of GLOBALFOUNDRIES?

The following equities research analysts have issued reports on GLOBALFOUNDRIES in the last year: Bank of America Co., Cantor Fitzgerald, Citigroup Inc., Deutsche Bank Aktiengesellschaft, Evercore ISI, HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Robert W. Baird, Susquehanna, Wedbush, and Wolfe Research.
View the latest analyst ratings for GFS.

What is the current price target for GLOBALFOUNDRIES?

13 Wall Street analysts have set twelve-month price targets for GLOBALFOUNDRIES in the last year. Their average twelve-month price target is $60.62, suggesting a possible upside of 12.4%. Wolfe Research has the highest price target set, predicting GFS will reach $80.00 in the next twelve months. HSBC Holdings plc has the lowest price target set, forecasting a price of $43.00 for GLOBALFOUNDRIES in the next year.
View the latest price targets for GFS.

What is the current consensus analyst rating for GLOBALFOUNDRIES?

GLOBALFOUNDRIES currently has 7 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for GFS.

What other companies compete with GLOBALFOUNDRIES?

Other companies that are similar to GLOBALFOUNDRIES include Onsemi, Maxim Integrated Products, Monolithic Power Systems, ASE Technology and STMicroelectronics. Learn More about companies similar to GLOBALFOUNDRIES.

How do I contact GLOBALFOUNDRIES's investor relations team?

GLOBALFOUNDRIES's physical mailing address is 400 STONEBREAK ROAD EXTENSION, MALTA NY, 12020. The company's listed phone number is 518-305-9013 and its investor relations email address is [email protected]. The official website for GLOBALFOUNDRIES is www.globalfoundries.com. Learn More about contacing GLOBALFOUNDRIES investor relations.