GLOBALFOUNDRIES Inc. (GFS)
NASDAQ: GFS · IEX Real-Time Price · USD
53.95
-0.23 (-0.42%)
At close: May 17, 2024, 4:00 PM
53.08
-0.88 (-1.62%)
After-hours: May 17, 2024, 6:44 PM EDT
GlobalFoundries Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for GlobalFoundries stock have an average target of 61.58, with a low estimate of 50 and a high estimate of 80. The average target predicts an increase of 14.14% from the current stock price of 53.95.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for GlobalFoundries stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Buy | 7 | 8 | 8 | 6 | 6 | 4 |
| Hold | 2 | 2 | 3 | 3 | 4 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 14 | 15 | 12 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $67 → $62 | Strong Buy | Initiates | $67 → $62 | +14.92% | May 13, 2024 |
| HSBC | HSBC | Hold Maintains $43 → $50 | Hold | Maintains | $43 → $50 | -7.32% | May 8, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $62 → $63 | Buy | Maintains | $62 → $63 | +16.77% | May 8, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $48 → $50 | Hold | Maintains | $48 → $50 | -7.32% | May 8, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | May 8, 2024 |
Financial Forecast
Revenue This Year
6.85B
from 7.39B
Decreased by -7.28%
Revenue Next Year
7.84B
from 6.85B
Increased by 14.39%
EPS This Year
1.32
from 1.83
Decreased by -27.70%
EPS Next Year
2.15
from 1.32
Increased by 62.67%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.0B | 11.1B | 11.7B | 10.7B | 12.2B |
| Avg | 6.9B | 7.8B | 9.9B | 10.3B | 11.8B |
| Low | 6.1B | 6.3B | 8.0B | 10.0B | 11.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.4% | 61.5% | 49.7% | 8.2% | 18.8% |
| Avg | -7.3% | 14.4% | 26.0% | 4.1% | 14.2% |
| Low | -17.1% | -8.5% | 2.0% | 1.0% | 10.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.56 | 3.49 | 4.02 |
| Avg | 1.32 | 2.15 | 3.49 |
| Low | 1.06 | 1.36 | 3.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -14.5% | 163.5% | 86.8% |
| Avg | -27.7% | 62.7% | 62.2% |
| Low | -41.9% | 2.9% | 43.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.