Analyst Scoreboard: 7 Ratings For GLOBALFOUNDRIES
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES (NASDAQ:GFS) received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target is $63.43, down 5.33% from the previous target. The company, a top-five contract semiconductor manufacturer, has shown a revenue growth rate of 0.11% as of December 31, 2023, but faces challenges in market capitalization, net margin, ROE, and ROA compared to industry benchmarks. Its debt-to-equity ratio is below the industry average, indicating less reliance on debt financing.
March 05, 2024 | 1:01 pm
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GLOBALFOUNDRIES received mixed analyst ratings, with a recent cautious shift and a lower average 12-month price target. Despite revenue growth, it faces several financial challenges compared to industry benchmarks.
The mixed analyst ratings and the recent cautious shift, combined with the company's financial challenges, suggest a neutral short-term impact on GFS's stock price. The decrease in the average price target indicates a tempered optimism, while the company's solid revenue growth and lower reliance on debt financing could mitigate negative perceptions. However, the challenges in market capitalization, net margin, ROE, and ROA compared to industry benchmarks may limit the stock's upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100