What Analysts Are Saying About GLOBALFOUNDRIES Stock
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES (NASDAQ:GFS) has received mixed analyst ratings over the last three months, with a shift towards a more bullish stance in the last 30 days. The average 12-month price target for GFS has been adjusted to $65.2, down from $69.67, reflecting a 6.42% decrease. Analysts from firms including Cantor Fitzgerald, Susquehanna, JP Morgan, and B of A Securities have updated their ratings and price targets, indicating varied expectations for the company's performance. GLOBALFOUNDRIES, a leading semiconductor manufacturer, faces challenges in market capitalization, revenue growth, net margin, ROE, ROA, and debt management.
February 14, 2024 | 2:00 pm
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GLOBALFOUNDRIES has seen a recent shift towards more bullish analyst ratings, with an updated average price target of $65.2. Despite this, the company faces challenges in revenue growth, profitability, and financial performance.
The mixed analyst ratings and the slight decrease in the average price target suggest uncertainty about GFS's short-term stock price movement. The financial challenges highlighted, including revenue decline and below-industry-standard profitability metrics, could dampen investor sentiment. However, the recent shift towards more bullish ratings may counterbalance negative perceptions, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100