Stifel Reaffirms Buy on GlobalFoundries, $60 Price Target
Stifel analyst Sahej Singh reiterated a Buy rating and $60 price target on GlobalFoundries Inc.
(NASDAQ: GFS).
“Pacing Well Against Targets, With CPO Expected to be Predominant Driver of 2030 Upside: During our conversation with CFO, Sam Franklin, he explained that near-term upside will be driven by pluggables, with revenue pacing ahead of investor day targets, and underscored that the $2-4B capacity-supported SiPho revenue band in 2030 would see upside flex predominantly driven by CPO (via scale-up) versus NPO (via scale-out) or pluggables (via scale-out-and-across).
We outline our math on GFS’ May-2026 investor day targets in Exhibit 1, to frame where we think the comparative baseline forecast sits today.”
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