The Analyst Landscape: 5 Takes On GLOBALFOUNDRIES
Portfolio Pulse from Benzinga Insights
Analysts have varying opinions on GLOBALFOUNDRIES (NASDAQ:GFS), with recent ratings ranging from bullish to bearish. Over the last quarter, there were 4 somewhat bullish and 1 indifferent rating. The average 12-month price target is now $68.6, down from $75.00, with a high estimate of $75.00 and a low of $65.00. Analysts from firms like Cantor Fitzgerald, B of A Securities, Morgan Stanley, JP Morgan, and Susquehanna have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. GLOBALFOUNDRIES, a semiconductor manufacturer, faces challenges with a -10.7% revenue decline, below-average net margin, ROE, and ROA, but has a conservative debt-to-equity ratio of 0.25.
January 23, 2024 | 12:01 pm
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NEGATIVE IMPACT
Analysts have mixed views on GLOBALFOUNDRIES, with a downward revision in the average price target to $68.6. The company is facing revenue decline and profitability challenges, which may impact investor sentiment.
The reduction in the average price target by analysts, coupled with the reported revenue decline and below-average profitability metrics, suggests a negative short-term impact on GLOBALFOUNDRIES's stock price. The unanimous downward revision in price targets by analysts from reputable firms indicates a consensus on the company's challenges, which is likely to influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100