GLOBALFOUNDRIES (GFS) Stock Forecast, Price Target & Predictions
GFS Stock Forecast
GLOBALFOUNDRIES stock forecast is as follows: an average price target of $69.86 (represents a 75.75% upside from GFS’s last price of $39.75) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
GFS Price Target
The average price target for GLOBALFOUNDRIES (GFS) is $69.86 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $43.00. This represents a potential 75.75% upside from GFS's last price of $39.75.
GFS Analyst Ratings
According to 14 Wall Street analysts, GLOBALFOUNDRIES's rating consensus is 'Buy'. The analyst rating breakdown for GFS stock is 0 'Strong Buy' (0.00%), 9 'Buy' (64.29%), 5 'Hold' (35.71%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
GLOBALFOUNDRIES Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 07, 2024 | Ross Seymore | Deutsche Bank | $60.00 | $53.26 | 12.65% | 50.94% |
| May 03, 2024 | Frank Lee | HSBC | $43.00 | $48.28 | -10.94% | 8.18% |
| Apr 15, 2024 | Mark Lipacis | Evercore ISI | $71.00 | $47.26 | 50.23% | 78.62% |
| Nov 08, 2023 | Melissa Fairbanks | Raymond James | $75.00 | $53.02 | 41.46% | 88.68% |
| Feb 21, 2023 | Chris Caso | Credit Suisse | $85.00 | $67.16 | 26.56% | 113.84% |
| Jul 30, 2022 | Ross Seymore | Deutsche Bank | $55.00 | $51.48 | 6.84% | 38.36% |
| May 13, 2022 | Frank Lee | HSBC | $50.00 | $49.70 | 0.60% | 25.79% |
| Apr 25, 2022 | Ross Seymore | Deutsche Bank | $70.00 | $50.74 | 37.96% | 76.10% |
| Nov 22, 2021 | Chris Caso | Raymond James | $80.00 | $63.99 | 25.02% | 101.26% |
| Nov 22, 2021 | Christopher Danely | Citigroup | $75.00 | $63.99 | 17.21% | 88.68% |
The latest GLOBALFOUNDRIES stock forecast, released on May 07, 2024 by Ross Seymore from Deutsche Bank, set a price target of $60.00, which represents a 12.65% increase from the stock price at the time of the forecast ($53.26), and a 50.94% increase from GFS last price ($39.75).
GLOBALFOUNDRIES Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $62.25 |
| Last Closing Price | $39.75 | $39.75 | $39.75 |
| Upside/Downside | -100.00% | -100.00% | 56.60% |
In the current month, the average price target of GLOBALFOUNDRIES stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to GLOBALFOUNDRIES's last price of $39.75. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 07, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 07, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 06, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| May 13, 2024 | Susquehanna | Buy | Buy | Hold |
| May 07, 2024 | Deutsche Bank | Buy | Buy | Hold |
| May 03, 2024 | HSBC | Hold | Hold | Hold |
| Apr 15, 2024 | Evercore ISI | - | Outperform | Initialise |
| Apr 08, 2024 | Cantor Fitzgerald | - | Neutral | Downgrade |
| Mar 05, 2024 | J.P. Morgan | Underperform | Underperform | Hold |
| Feb 14, 2024 | Susquehanna | Neutral | Neutral | Hold |
GLOBALFOUNDRIES's last stock rating was published by Jefferies on Aug 07, 2024. The company gave GFS a "Buy" rating, the same as its previous rate.
GLOBALFOUNDRIES Financial Forecast
GLOBALFOUNDRIES Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.84B | $2.10B | $2.07B | $1.99B | $1.94B | $1.85B | $1.70B |
| Avg Forecast | $2.29B | $2.20B | $2.05B | $1.95B | $2.04B | $1.96B | $1.83B | $1.73B | $1.80B | $1.73B | $1.61B | $1.52B | $1.85B | $1.85B | $1.83B | $1.83B | $2.07B | $2.05B | $1.97B | $1.90B | $1.81B | $1.70B |
| High Forecast | $2.29B | $2.21B | $2.05B | $1.95B | $2.05B | $1.97B | $1.83B | $1.74B | $1.81B | $1.73B | $1.62B | $1.53B | $1.85B | $1.85B | $1.84B | $1.83B | $2.08B | $2.06B | $1.97B | $1.94B | $1.86B | $1.74B |
| Low Forecast | $2.29B | $2.20B | $2.04B | $1.94B | $2.04B | $1.96B | $1.83B | $1.73B | $1.80B | $1.72B | $1.61B | $1.52B | $1.85B | $1.85B | $1.83B | $1.83B | $2.07B | $2.05B | $1.97B | $1.86B | $1.78B | $1.66B |
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 3 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% | 1.02% | 1.00% |
GLOBALFOUNDRIES's average Quarter revenue forecast for Jun 23 based on 5 analysts is $1.83B, with a low forecast of $1.83B, and a high forecast of $1.84B. GFS's average Quarter revenue forecast represents a -0.38% decrease compared to the company's last Quarter revenue of $1.84B (Mar 23).
GLOBALFOUNDRIES EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 3 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $643.00M | $778.00M | $761.00M | $724.00M | $643.00M | $503.04M | $469.00M |
| Avg Forecast | $625.67M | $602.21M | $559.04M | $531.62M | $557.81M | $536.38M | $500.22M | $474.12M | $492.68M | $471.55M | $441.25M | $416.22M | $505.78M | $505.43M | $501.23M | $500.41M | $566.72M | $560.48M | $538.26M | $623.04M | $553.35M | $463.98M |
| High Forecast | $626.99M | $603.48M | $560.21M | $532.74M | $558.98M | $537.51M | $501.28M | $475.12M | $493.72M | $472.54M | $442.18M | $417.09M | $506.84M | $506.98M | $502.29M | $501.47M | $567.91M | $561.66M | $538.26M | $747.65M | $664.02M | $474.64M |
| Low Forecast | $625.32M | $601.88M | $558.73M | $531.32M | $557.50M | $536.08M | $499.95M | $473.86M | $492.41M | $471.29M | $441.01M | $415.99M | $505.50M | $504.93M | $500.95M | $500.14M | $566.40M | $560.17M | $538.26M | $498.43M | $442.68M | $454.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 1.37% | 1.36% | 1.35% | 1.03% | 0.91% | 1.01% |
5 analysts predict GFS's average Quarter EBITDA for Jun 23 to be $501.23M, with a high of $502.29M and a low of $500.95M. This is -22.05% lower than GLOBALFOUNDRIES's previous annual EBITDA (Mar 23) of $643.00M.
GLOBALFOUNDRIES Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 3 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $254.00M | $668.00M | $337.00M | $264.00M | $179.00M | $42.29M | $5.00M |
| Avg Forecast | $480.41M | $431.68M | $353.69M | $306.35M | $344.22M | $303.44M | $236.56M | $189.98M | $209.46M | $184.43M | $161.27M | $128.90M | $328.16M | $278.96M | $280.53M | $276.47M | $740.91M | $347.72M | $252.34M | $173.17M | $48.56M | $-2.08M |
| High Forecast | $481.73M | $432.86M | $354.66M | $307.19M | $345.16M | $304.27M | $237.21M | $190.50M | $210.03M | $190.01M | $161.71M | $129.25M | $329.06M | $290.35M | $281.30M | $277.23M | $742.94M | $348.68M | $252.34M | $207.81M | $58.27M | $-2.03M |
| Low Forecast | $480.07M | $431.37M | $353.44M | $306.13M | $343.98M | $303.23M | $236.40M | $189.84M | $209.31M | $184.29M | $161.16M | $128.81M | $322.60M | $239.11M | $280.33M | $276.27M | $740.38M | $347.47M | $252.34M | $138.54M | $38.84M | $-2.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.90% | 0.97% | 1.05% | 1.03% | 0.87% | -2.40% |
GLOBALFOUNDRIES's average Quarter net income forecast for Jun 23 is $280.53M, with a range of $280.33M to $281.30M. GFS's average Quarter net income forecast represents a 10.44% increase compared to the company's last Quarter net income of $254.00M (Mar 23).
GLOBALFOUNDRIES SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 3 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $111.00M | $130.00M | $129.00M | $121.00M | $116.00M | $117.74M | $134.00M |
| Avg Forecast | $154.10M | $148.32M | $137.69M | $130.93M | $137.39M | $132.11M | $123.20M | $116.77M | $121.34M | $116.14M | $108.68M | $102.51M | $124.57M | $124.49M | $123.45M | $123.25M | $139.58M | $138.04M | $132.57M | $112.22M | $129.52M | $114.28M |
| High Forecast | $154.42M | $148.63M | $137.98M | $131.21M | $137.67M | $132.39M | $123.46M | $117.02M | $121.60M | $116.38M | $108.91M | $102.73M | $124.83M | $124.87M | $123.71M | $123.51M | $139.87M | $138.33M | $132.57M | $134.67M | $155.42M | $116.90M |
| Low Forecast | $154.01M | $148.24M | $137.61M | $130.86M | $137.31M | $132.03M | $123.13M | $116.71M | $121.28M | $116.08M | $108.62M | $102.46M | $124.50M | $124.36M | $123.38M | $123.18M | $139.50M | $137.97M | $132.57M | $89.78M | $103.61M | $111.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.93% | 0.93% | 0.91% | 1.03% | 0.91% | 1.17% |
GLOBALFOUNDRIES's average Quarter SG&A projection for Jun 23 is $123.45M, based on 5 Wall Street analysts, with a range of $123.38M to $123.71M. The forecast indicates a 11.22% rise compared to GFS last annual SG&A of $111.00M (Mar 23).
GLOBALFOUNDRIES EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 3 | 6 | 11 | 5 | 9 | 5 | 4 | 4 | 3 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.46 | $1.22 | $0.62 | $0.49 | $0.34 | $0.08 | $0.01 |
| Avg Forecast | $0.86 | $0.78 | $0.64 | $0.55 | $0.62 | $0.54 | $0.42 | $0.34 | $0.38 | $0.33 | $0.29 | $0.23 | $0.59 | $0.50 | $0.50 | $0.50 | $1.33 | $0.62 | $0.45 | $0.24 | $0.11 | $-0.00 |
| High Forecast | $0.86 | $0.78 | $0.64 | $0.55 | $0.62 | $0.55 | $0.43 | $0.34 | $0.38 | $0.34 | $0.29 | $0.23 | $0.59 | $0.52 | $0.51 | $0.50 | $1.33 | $0.63 | $0.45 | $0.25 | $0.11 | $-0.00 |
| Low Forecast | $0.86 | $0.77 | $0.63 | $0.55 | $0.62 | $0.54 | $0.42 | $0.34 | $0.38 | $0.33 | $0.29 | $0.23 | $0.58 | $0.43 | $0.50 | $0.50 | $1.33 | $0.62 | $0.45 | $0.24 | $0.11 | $-0.00 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.92% | 0.99% | 1.08% | 1.41% | 0.71% | -2.50% |
According to 5 Wall Street analysts, GLOBALFOUNDRIES's projected average Quarter EPS for Jun 23 is $0.50, with a low estimate of $0.50 and a high estimate of $0.51. This represents a 9.49% increase compared to GFS previous annual EPS of $0.46 (Mar 23).
GLOBALFOUNDRIES Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WOLF | Wolfspeed | $8.72 | $60.85 | 597.82% | Hold |
| NVTS | Navitas Semiconductor | $2.56 | $11.30 | 341.41% | Buy |
| SYNA | Synaptics | $74.57 | $174.00 | 133.34% | Buy |
| GFS | GLOBALFOUNDRIES | $39.75 | $69.86 | 75.75% | Buy |
| ALGM | Allegro MicroSystems | $22.44 | $37.00 | 64.88% | Buy |
| LSCC | Lattice Semiconductor | $44.79 | $62.11 | 38.67% | Buy |
| ON | ON Semiconductor | $71.72 | $87.47 | 21.96% | Buy |
| MCHP | Microchip | $77.62 | $92.32 | 18.94% | Buy |
| QRVO | Qorvo | $107.65 | $126.80 | 17.79% | Buy |
| NXPI | NXP Semiconductors | $229.93 | $244.22 | 6.21% | Buy |
| ADI | Analog Devices | $225.42 | $225.96 | 0.24% | Buy |
| TXN | Texas Instruments | $199.93 | $199.35 | -0.29% | Buy |
| MPWR | Monolithic Power Systems | $914.10 | $662.22 | -27.55% | Buy |
GFS Forecast FAQ
Is GLOBALFOUNDRIES a good buy?
Yes, according to 14 Wall Street analysts, GLOBALFOUNDRIES (GFS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 64.29% of GFS's total ratings.
What is GFS's price target?
GLOBALFOUNDRIES (GFS) average price target is $69.86 with a range of $43 to $85, implying a 75.75% from its last price of $39.75. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will GLOBALFOUNDRIES stock go up soon?
According to Wall Street analysts' prediction for GFS stock, the company can go up by 75.75% (from the last price of $39.75 to the average price target of $69.86), up by 113.84% based on the highest stock price target, and up by 8.18% based on the lowest stock price target.
Can GLOBALFOUNDRIES stock reach $60?
GFS's average twelve months analyst stock price target of $69.86 supports the claim that GLOBALFOUNDRIES can reach $60 in the near future.
What are GLOBALFOUNDRIES's analysts' financial forecasts?
GLOBALFOUNDRIES's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.57B (high $7.58B, low $7.56B), average EBITDA is $2.07B (high $2.07B, low $2.07B), average net income is $1.07B (high $1.08B, low $1.07B), average SG&A $509.47M (high $510.54M, low $509.19M), and average EPS is $1.93 (high $1.93, low $1.93). GFS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.48B (high $8.5B, low $8.48B), average EBITDA is $2.32B (high $2.32B, low $2.32B), average net income is $1.57B (high $1.58B, low $1.57B), average SG&A $571.04M (high $572.25M, low $570.73M), and average EPS is $2.82 (high $2.83, low $2.82).
Did the GFS's actual financial results beat the analysts' financial forecasts?
Based on GLOBALFOUNDRIES's last annual report (Dec 2022), the company's revenue was $8.11B, beating the average analysts forecast of $7.99B by 1.43%. Apple's EBITDA was $2.91B, beating the average prediction of $2.29B by 26.98%. The company's net income was $1.45B, missing the average estimation of $1.51B by -4.37%. Apple's SG&A was $496M, missing the average forecast of $522.42M by -5.06%. Lastly, the company's EPS was $2.69, beating the average prediction of $2.65 by 1.56%. In terms of the last quarterly report (Mar 2023), GLOBALFOUNDRIES's revenue was $1.84B, beating the average analysts' forecast of $1.83B by 0.55%. The company's EBITDA was $643M, beating the average prediction of $500.41M by 28.49%. GLOBALFOUNDRIES's net income was $254M, missing the average estimation of $276.47M by -8.13%. The company's SG&A was $111M, missing the average forecast of $123.25M by -9.94%. Lastly, the company's EPS was $0.46, missing the average prediction of $0.496 by -7.33%