What the analyst said

Needham analyst Charles Shi lowered the price target on GlobalFoundries Inc.

(NASDAQ: GFS) to $55 (from $80) while maintaining a Buy rating.

“GlobalFoundries reported results at the higher-end of guidance ranges, with revenue slightly ahead of guidance and non-IFRS gross margin up significantly to the high-end of guidance on strong mix and improving utilization.

The company has largely left its CY26 segment outlooks unchanged, except Communications Infrastructure & Data Center, which is now expected +65% YoY (vs.

55% prior) on growth in optical-related revenue. GFS now expects a significant step-up in CapEx in CY27 (~$4B net), with funding expected to increase optical-related capacity in the US.

We maintain our Buy rating, but lower our PT to $55 on sector-wide multiple compression (now ~21x our updated CY27 non-IFRS EPS).”

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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 $55 target is 4% above the median.

12-month window: day 0 of 365, closes on November 5, 2027.

Track record

This callOpen: a 12-month target, scored on November 5, 2027, a year after the note.

Firm track recordNeedham: 100% of its 6 targets at least a year old were reached within 12 months. Accuracy ranking →

Needham on GlobalFoundries

Needham price targets on GlobalFoundries

2 calls from February 12, 2026 to November 5, 2026. The target stayed at $55. The rating stayed Buy.

Needham targetGFS share price
  1. November 5, 2026 This noteKept the $55 targetBuy$55
  2. February 12, 2026Earliest call shownBuy$55
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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 SusquehannaBuy Cut price target −12%, kept rating Nov 4 $110from $125 JefferiesHold Cut price target −17%, kept rating Nov 4 $50from $60 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.