HSBC Maintains Hold on GLOBALFOUNDRIES, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee has maintained a Hold rating on GLOBALFOUNDRIES (NASDAQ:GFS) and increased the price target from $43 to $50.
May 08, 2024 | 5:45 pm
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HSBC has maintained its Hold rating on GLOBALFOUNDRIES while raising the price target from $43 to $50.
The increase in price target by HSBC suggests a positive outlook on GLOBALFOUNDRIES' future performance, potentially leading to increased investor confidence and a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100