Argus GlobalFoundries · GFS

Argus Lowers GlobalFoundries Price Target to $70

Analyst: Jim Ke 1 min read Reproduced verbatim
Rating
Buy
Target
$70
from $90 (−22%)
Upside
+72%
GFS at $40.62 today

3rd-highest of 11 current targets on GlobalFoundries, 27% above the $55 median.

Argus and GlobalFoundries logos

What the analyst said

Argus analyst Jim Ke lowered the price target on GlobalFoundries Inc.

(NASDAQ: GFS) to $70 (from $90) while maintaining a Buy rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

GFS trades at $40.62. The 11 analysts who set a target in the last 3 months range from $43 to $110, with a median of $55. This $70 target is 27% above the median.

12-month window: day 1 of 365, closes on November 9, 2027.

Track record

This callOpen: GFS has not reached $70 yet. This 12-month target is scored on November 9, 2027.

Firm track recordToo early to score Argus: price targets are 12-month calls and fewer than 5 of its targets are a year old. 8 of its 14 open targets have already been reached. How we score

Earnings reactionOne of 6 notes after GlobalFoundries’s Nov 4 results: 0 raised · 6 cut · 0 kept. See every call →
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Other analysts on GlobalFoundries

TD CowenBuy Cut price target −20%, kept ratingCut target Nov 5 $60from $75−20% UBSHold Cut price target −10%, kept ratingCut target Nov 5 $43from $48−10% Morgan StanleyHold Cut price target −11%, kept ratingCut target Nov 5 $50from $56−11% JP MorganHold Cut price target −12%, kept ratingCut target Nov 5 $50from $57−12% NeedhamBuy Cut price target −31%, kept ratingCut target Nov 5 $55from $80−31%
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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.