GLOBALFOUNDRIES Inc has a consensus price target of $65.52, established from looking at the 75 latest analyst ratings. The last 3 analyst ratings were released from HSBC, Morgan Stanley, and Susquehanna on May 8, 2024. With an average price target of $54.33 between HSBC, Morgan Stanley, and Susquehanna, there's an implied 4.09% upside for GLOBALFOUNDRIES Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for GLOBALFOUNDRIES (NASDAQ: GFS) was reported by HSBC on May 8, 2024. The analyst firm set a price target for $50.00 expecting GFS to fall to within 12 months (a possible -4.21% downside). 29 analyst firms have reported ratings in the last year.
The latest analyst rating for GLOBALFOUNDRIES (NASDAQ: GFS) was provided by HSBC, and GLOBALFOUNDRIES maintained their hold 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 April 8, 2024 when Cantor Fitzgerald changed their price target from $70 to $55 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 May 8, 2024 so you should expect the next rating to be made available sometime around May 8, 2025.
While ratings are subjective and will change, the latest GLOBALFOUNDRIES (GFS) rating was a maintained with a price target of $43.00 to $50.00. The current price GLOBALFOUNDRIES (GFS) is trading at is $52.20, which is out of the analyst’s predicted range.
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