What the analyst said

Evercore ISI analyst Mark Lipacis raised the price target on GlobalFoundries (NASDAQ: GFS) to $85.00 (from $58.00) while maintaining an Outperform rating.

“We Remain Buyers of GFS. GFS printed Mar-Q EPS of $0.40, 15% above consensus and guided Jun-Q revs at $1.8bn (110bps above Street). 2Q EPS guidance of $0.43 at the midpoint is $0.02 / 5% above.

1Q26 GMs were 220bps above consensus. The stock traded up +9% during the day.

We remain buyers given improving fundamentals driven by 1) FY26 CID outlook raised to high-30% YY from 30% on accelerating data center demand as highlighted in our channel checks 2) SiPho revs on track to double to $400M in 2026.

Mgmt noted design wins at 3 of top 4 pluggable optical transceiver companies 3) Mgmt commits to exit 2026 at or above 30% GM despite ~50bps/quarter drag from increased gas supply costs due to the Middle East conflict.

We raise our PT to $85 (32x our 2028 EPS discounted back 2 yrs).”

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Where the price stands

GFS trades at $36.36. The 10 analysts who set a target in the last 3 months range from $43 to $110, with a median of $53. This $85 target is 60% above the median.

Since the note GFS has moved −51% (from $74.04). 12-month window: day 183 of 365, closes on May 6, 2027.

Track record

This call✓ Target reached on May 22, 2026, 16 days after the note.

Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →

Earnings reactionOne of 7 notes after GlobalFoundries’s May 5 results: 7 raised · 0 cut · 0 kept. See every call →
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Other analysts on GlobalFoundries

TD CowenBuy Cut price target −20%, kept rating Nov 5 $60from $75 UBSHold Cut price target −10%, kept rating Nov 5 $43from $48 Morgan StanleyHold Cut price target −11%, kept rating Nov 5 $50from $56 JP MorganHold Cut price target −12%, kept rating Nov 5 $50from $57 NeedhamBuy Cut price target −31%, kept rating Nov 5 $55from $80
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.