Wolfe Research Initiates Coverage On GLOBALFOUNDRIES with Outperform Rating, Announces Price Target of $80
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Chris Caso has initiated coverage on GLOBALFOUNDRIES (NASDAQ:GFS) with an Outperform rating and a price target of $80.
July 20, 2023 | 9:18 am
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GLOBALFOUNDRIES has been given an Outperform rating by Wolfe Research, with a price target of $80.
The Outperform rating from Wolfe Research indicates a positive outlook for GLOBALFOUNDRIES. The price target of $80 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100