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GLOBALFOUNDRIES Inc has a consensus price target of $60.24 based on the ratings of 24 analysts. The high is $85 issued by Credit Suisse on February 15, 2023. The low is $40 issued by Cantor Fitzgerald on November 6, 2024. The 3 most-recent analyst ratings were released by UBS, Evercore ISI Group, and Deutsche Bank on November 20, 2024, November 6, 2024, and November 6, 2024, respectively. With an average price target of $50.67 between UBS, Evercore ISI Group, and Deutsche Bank, there's an implied 19.02% upside for GLOBALFOUNDRIES Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for GLOBALFOUNDRIES (NASDAQ:GFS) was reported by UBS on November 20, 2024. The analyst firm set a price target for $47.00 expecting GFS to rise to within 12 months (a possible 10.40% upside). 34 analyst firms have reported ratings in the last year.
The latest analyst rating for GLOBALFOUNDRIES (NASDAQ:GFS) was provided by UBS, and GLOBALFOUNDRIES initiated their neutral rating.
The last upgrade for GLOBALFOUNDRIES Inc happened on March 3, 2022 when Morgan Stanley raised their price target to $72.5. Morgan Stanley previously had an equal-weight for GLOBALFOUNDRIES Inc.
The last downgrade for GLOBALFOUNDRIES Inc happened on October 28, 2024 when Morgan Stanley changed their price target from $53 to $43 for GLOBALFOUNDRIES Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of GLOBALFOUNDRIES, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for GLOBALFOUNDRIES was filed on November 20, 2024 so you should expect the next rating to be made available sometime around November 20, 2025.
While ratings are subjective and will change, the latest GLOBALFOUNDRIES (GFS) rating was a initiated with a price target of $0.00 to $47.00. The current price GLOBALFOUNDRIES (GFS) is trading at is $42.57, which is within the analyst’s predicted range.
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