What the analyst said

Jefferies analyst Kevin Garrigan lowered the price target on GlobalFoundries Inc.

(NASDAQ: GFS) to $50 (from $60) while maintaining a Hold rating.

“GFS delivered an in-line quarter/revenue guide, while stronger margins and ASPs drove modest EPS upside. SiPh saw another step-up and is helping drive C26 CID growth to +65% Y/Y.

Capacity triples next year and SiPh exits C27 at a $1B run rate, one year ahead of expectations.

Demand and pricing support growth, but $4B of C27 net capex and dilution to 600M shares limit the pershare upside, in our view.”

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Where the price stands

GFS trades at $38.67. The 8 analysts who set a target in the last 3 months range from $50 to $110, with a median of $53. This $50 target is 6% below the median, the lowest on the Street.

12-month window: day 1 of 365, closes on November 4, 2027.

Track record

This callOpen: a 12-month target, scored on November 4, 2027, a year after the note.

Firm track recordJefferies: 60% of its 20 targets at least a year old were reached within 12 months (#23 of 26 firms). Accuracy ranking →

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Other analysts on GlobalFoundries

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 SusquehannaBuy Cut price target −12%, kept rating Nov 4 $110from $125 Morgan StanleyHold Cut price target −7%, kept rating Nov 2 $56from $60
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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.