The Latest Analyst Ratings for GLOBALFOUNDRIES
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES (NASDAQ:GFS) has received 4 analyst ratings in the last quarter, with 3 somewhat bullish and 1 indifferent. The average price target is $68.25, which is higher than the current price of $59.31, suggesting an upside. However, this target is a 9.0% decrease from the previous target of $75.00. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.
December 15, 2023 | 4:00 pm
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POSITIVE IMPACT
GLOBALFOUNDRIES has an average analyst price target of $68.25, above its current price, with a recent decrease in target suggesting caution. Ratings are somewhat bullish with no bearish outlooks.
The somewhat bullish ratings and the higher price target compared to the current stock price suggest a positive short-term impact on GFS's stock price. However, the decrease in the average price target may temper investor expectations, indicating a level of caution. The ratings are recent and directly pertain to the company's stock, making the news highly relevant and important for investors. The confidence level is not at the maximum due to the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100