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GLOBALFOUNDRIES (GFS) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GFS Stock Forecast

GLOBALFOUNDRIES stock forecast is as follows: an average price target of $50.00 (represents a 17.98% upside from GFS’s last price of $42.38) 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 $50.00 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $50.00 to $50.00. This represents a potential 17.98% upside from GFS's last price of $42.38.

GFS Analyst Ratings

Buy

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%), 8 'Buy' (57.14%), 6 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

GLOBALFOUNDRIES Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Tristan GerraRobert W. Baird$50.00$41.0221.89%17.98%
May 07, 2024Ross SeymoreDeutsche Bank$60.00$53.2612.65%41.58%
May 03, 2024Frank LeeHSBC$43.00$48.28-10.94%1.46%
Apr 15, 2024Mark LipacisEvercore ISI$71.00$47.2650.23%67.53%
Nov 08, 2023Melissa FairbanksRaymond James$75.00$53.0241.46%76.97%
Feb 21, 2023Chris CasoCredit Suisse$85.00$67.1626.56%100.57%
Jul 30, 2022Ross SeymoreDeutsche Bank$55.00$51.486.84%29.78%
May 13, 2022Frank LeeHSBC$50.00$49.700.60%17.98%
Apr 25, 2022Ross SeymoreDeutsche Bank$70.00$50.7437.96%65.17%
Nov 22, 2021Christopher DanelyCitigroup$75.00$63.9917.21%76.97%
Nov 22, 2021Krish SankarCowen & Co.$80.00$63.9925.02%88.77%
Nov 22, 2021Chris CasoRaymond James$80.00$63.9925.02%88.77%

The latest GLOBALFOUNDRIES stock forecast, released on Nov 06, 2024 by Tristan Gerra from Robert W. Baird, set a price target of $50.00, which represents a 21.89% increase from the stock price at the time of the forecast ($41.02), and a 17.98% increase from GFS last price ($42.38).

GLOBALFOUNDRIES Price Target by Period

1M3M12M
# Anlaysts-14
Avg Price Target-$50.00$56.00
Last Closing Price$42.38$42.38$42.38
Upside/Downside-100.00%17.98%32.14%

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 $42.38. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 05, 2024CitigroupNeutralNeutralHold
Oct 08, 2024WedbushBuyBuyHold
Aug 07, 2024JefferiesBuyBuyHold
Aug 07, 2024Cowen & Co.BuyBuyHold
Aug 06, 2024Evercore ISIOutperformOutperformHold
May 13, 2024SusquehannaBuyBuyHold
May 07, 2024Deutsche BankBuyBuyHold
May 03, 2024HSBCHoldHoldHold
Apr 15, 2024Evercore ISIOutperformInitialise
Apr 08, 2024Cantor FitzgeraldNeutralDowngrade
Mar 05, 2024J.P. MorganUnderperformUnderperformHold
Feb 14, 2024SusquehannaNeutralNeutralHold
Nov 08, 2023NeedhamHoldHoldHold
Nov 08, 2023WedbushOutperformOutperformHold
Nov 08, 2023Raymond JamesOutperformOutperformHold
Feb 21, 2023B. Riley SecuritiesNeutralNeutralHold
Feb 21, 2023Wells FargoEqual-WeightEqual-WeightHold
Feb 21, 2023Credit SuisseOutperformOutperformHold
Aug 12, 2022CitigroupBuyBuyHold
Jul 30, 2022Deutsche BankBuyBuyHold
May 13, 2022HSBCHoldHoldHold
May 11, 2022NeedhamBuyBuyHold
Apr 25, 2022Deutsche BankBuyBuyHold

GLOBALFOUNDRIES's last stock rating was published by Citigroup on Nov 05, 2024. The company gave GFS a "Neutral" rating, the same as its previous rate.

GLOBALFOUNDRIES Financial Forecast

GLOBALFOUNDRIES Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue---------------$1.84B$2.10B$2.07B$1.99B$1.94B$1.85B$1.70B
Avg Forecast$2.19B$2.12B$1.97B$1.85B$1.98B$1.90B$1.76B$1.66B$1.83B$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$2.22B$2.15B$2.00B$1.87B$2.01B$1.92B$1.78B$1.67B$1.86B$1.73B$1.61B$1.52B$1.87B$1.85B$1.86B$1.85B$2.10B$2.05B$1.97B$1.90B$1.81B$1.70B
Low Forecast$2.17B$2.10B$1.96B$1.83B$1.97B$1.88B$1.75B$1.65B$1.82B$1.73B$1.61B$1.52B$1.84B$1.85B$1.82B$1.82B$2.06B$2.05B$1.97B$1.90B$1.81B$1.70B
# Analysts9999888101153361159544755
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 $1.82B, and a high forecast of $1.86B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts9999888101153361159544755
EBITDA---------------$643.00M$778.00M$761.00M$724.00M$643.00M$503.04M$469.00M
Avg Forecast$687.27M$665.37M$618.57M$580.39M$622.30M$595.56M$552.39M$522.43M$574.37M$541.90M$507.09M$478.32M$581.24M$580.85M$576.02M$575.08M$651.28M$560.48M$538.26M$623.04M$553.35M$463.98M
High Forecast$696.29M$674.09M$626.68M$588.00M$630.46M$603.37M$559.63M$525.58M$583.79M$541.90M$507.09M$478.32M$588.87M$582.63M$583.57M$582.62M$659.82M$560.48M$538.26M$747.65M$664.02M$463.98M
Low Forecast$682.25M$660.50M$614.04M$576.15M$617.75M$591.21M$548.35M$519.29M$571.23M$541.90M$507.09M$478.32M$577.00M$580.27M$571.81M$570.88M$646.52M$560.48M$538.26M$498.43M$442.68M$463.98M
Surprise %---------------1.12%1.19%1.36%1.35%1.03%0.91%1.01%

5 analysts predict GFS's average Quarter EBITDA for Jun 23 to be $576.02M, with a high of $583.57M and a low of $571.81M. This is -10.42% lower than GLOBALFOUNDRIES's previous annual EBITDA (Mar 23) of $643.00M.

GLOBALFOUNDRIES Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts9999888101153361159544755
Net Income---------------$254.00M$668.00M$337.00M$264.00M$179.00M$42.29M$5.00M
Avg Forecast$421.17M$384.64M$317.15M$262.14M$314.04M$272.68M$215.66M$180.94M$250.87M$183.94M$160.69M$128.44M$326.98M$277.96M$279.52M$275.48M$738.25M$347.72M$251.89M$173.17M$48.56M$-2.08M
High Forecast$428.34M$391.20M$322.55M$266.61M$319.39M$277.33M$219.34M$197.39M$256.44M$184.06M$160.82M$128.55M$332.56M$289.30M$284.28M$280.18M$750.83M$347.72M$251.89M$207.81M$58.27M$-2.08M
Low Forecast$417.17M$380.99M$314.14M$259.65M$311.06M$270.09M$213.61M$164.49M$245.29M$183.83M$160.57M$128.32M$321.44M$238.25M$276.86M$272.86M$731.23M$347.72M$251.89M$138.54M$38.84M$-2.08M
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 $279.52M, with a range of $276.86M to $284.28M. GFS's average Quarter net income forecast represents a 10.05% increase compared to the company's last Quarter net income of $254.00M (Mar 23).

GLOBALFOUNDRIES SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts9999888101153361159544755
SG&A---------------$111.00M$130.00M$129.00M$121.00M$116.00M$117.74M$134.00M
Avg Forecast$145.81M$141.17M$131.24M$123.14M$132.03M$126.36M$117.20M$110.84M$121.86M$114.97M$107.59M$101.48M$123.32M$123.23M$122.21M$122.01M$138.18M$138.04M$132.57M$112.22M$129.52M$114.28M
High Forecast$147.73M$143.02M$132.96M$124.75M$133.76M$128.01M$118.73M$111.51M$123.86M$114.97M$107.59M$101.48M$124.94M$123.61M$123.81M$123.61M$139.99M$138.04M$132.57M$134.67M$155.42M$114.28M
Low Forecast$144.75M$140.13M$130.28M$122.24M$131.06M$125.43M$116.34M$110.17M$121.19M$114.97M$107.59M$101.48M$122.42M$123.11M$121.32M$121.12M$137.17M$138.04M$132.57M$89.78M$103.61M$114.28M
Surprise %---------------0.91%0.94%0.93%0.91%1.03%0.91%1.17%

GLOBALFOUNDRIES's average Quarter SG&A projection for Jun 23 is $122.21M, based on 5 Wall Street analysts, with a range of $121.32M to $123.81M. The forecast indicates a 10.10% rise compared to GFS last annual SG&A of $111.00M (Mar 23).

GLOBALFOUNDRIES EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts9999888101153361159544755
EPS---------------$0.46$1.22$0.62$0.49$0.34$0.08$0.01
Avg Forecast$0.76$0.69$0.57$0.47$0.57$0.49$0.39$0.33$0.45$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$0.77$0.70$0.58$0.48$0.58$0.50$0.40$0.36$0.46$0.33$0.29$0.23$0.60$0.52$0.51$0.50$1.35$0.62$0.45$0.24$0.11$-0.00
Low Forecast$0.75$0.69$0.57$0.47$0.56$0.49$0.38$0.30$0.44$0.33$0.29$0.23$0.58$0.43$0.50$0.49$1.32$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed$7.85$14.9089.81%Hold
NVTSNavitas Semiconductor$3.26$5.1758.59%Buy
MCHPMicrochip$58.29$89.1352.91%Buy
QRVOQorvo$70.95$101.5643.14%Hold
ALGMAllegro MicroSystems$22.07$29.6734.44%Buy
NXPINXP Semiconductors$219.02$293.1033.82%Buy
MPWRMonolithic Power Systems$628.22$829.2532.00%Buy
ONON Semiconductor$67.74$87.0828.55%Buy
SYNASynaptics$78.76$96.6722.74%Buy
GFSGLOBALFOUNDRIES$43.86$50.0014.00%Buy
TXNTexas Instruments$188.12$211.4412.40%Buy
ADIAnalog Devices$213.82$240.0012.24%Buy
LSCCLattice Semiconductor$62.77$52.78-15.92%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 8 'Buy' recommendations, accounting for 57.14% of GFS's total ratings.

What is GFS's price target?

GLOBALFOUNDRIES (GFS) average price target is $50 with a range of $50 to $50, implying a 17.98% from its last price of $42.38. 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 17.98% (from the last price of $42.38 to the average price target of $50), up by 17.98% based on the highest stock price target, and up by 17.98% based on the lowest stock price target.

Can GLOBALFOUNDRIES stock reach $60?

GFS's average twelve months analyst stock price target of $50 does not support 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 $7.3B (high $7.38B, low $7.25B), average EBITDA is $2.29B (high $2.32B, low $2.28B), average net income is $983.32M (high $1.01B, low $959.25M), average SG&A $486.42M (high $492.02M, low $483.01M), and average EPS is $1.77 (high $1.83, low $1.73). GFS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.12B (high $8.23B, low $8.06B), average EBITDA is $2.55B (high $2.59B, low $2.53B), average net income is $1.39B (high $1.41B, low $1.37B), average SG&A $541.36M (high $548.45M, low $537.4M), and average EPS is $2.5 (high $2.54, low $2.47).

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 $2.37B by 22.46%. The company's net income was $1.45B, missing the average estimation of $1.51B by -4.17%. Apple's SG&A was $496M, missing the average forecast of $521.01M by -4.80%. 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 $575.08M by 11.81%. GLOBALFOUNDRIES's net income was $254M, missing the average estimation of $275.48M by -7.80%. The company's SG&A was $111M, missing the average forecast of $122.01M by -9.02%. Lastly, the company's EPS was $0.46, missing the average prediction of $0.496 by -7.33%