GLOBALFOUNDRIES Inc. (GFS)

Market Cap	26.99B
Revenue (ttm)	7.39B
Net Income (ttm)	1.02B
Shares Out	547.76M
EPS (ttm)	1.83
PE Ratio	26.92
Forward PE	38.00
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,515,902
Open	48.81
Previous Close	48.28
Day's Range	48.72 - 50.17
52-Week Range	45.52 - 68.57
Beta	1.61
Analysts	Buy
Price Target	64.77 (+31.46%)
Earnings Date	May 7, 2024

About GFS

GLOBALFOUNDRIES Inc., a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. The company was incorporated in 2008 and is headquartered in Malta, New York.

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Oct 28, 2021
• Employees: 12,000
• Stock Exchange: NASDAQ
• Ticker Symbol: GFS

Financial Performance

In 2023, GFS's revenue was $7.39 billion, a decrease of -8.83% compared to the previous year's $8.11 billion. Earnings were $1.02 billion, a decrease of -29.56%.

Analyst Forecast

According to 14 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $64.77, which is an increase of 31.46% from the latest price.

Price Target

$64.77

(31.46% upside)

Analyst Consensus: Buy