GLOBALFOUNDRIES Inc. (GFS)

Market Cap	28.24B
Revenue (ttm)	7.10B
Net Income (ttm)	899.00M
Shares Out	555.51M
EPS (ttm)	1.61
PE Ratio	31.58
Forward PE	34.43
Dividend	n/a
Ex-Dividend Date	n/a

Volume	817,029
Open	50.17
Previous Close	50.26
Day's Range	49.91 - 50.85
52-Week Range	45.52 - 68.57
Beta	1.57
Analysts	Buy
Price Target	61.58 (+21.13%)
Earnings Date	Aug 6, 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 13 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $61.58, which is an increase of 21.13% from the latest price.

Price Target

$61.58

(21.13% upside)

Analyst Consensus: Buy