GlobalFoundries Inc. (GFS)
NASDAQ: GFS · Real-Time Price · USD
39.18
+0.07 (0.18%)
At close: Sep 18, 2024, 4:00 PM
39.45
+0.27 (0.69%)
After-hours: Sep 18, 2024, 7:25 PM EDT
Stock Price Forecast
The 12 analysts with 12-month price forecasts for GlobalFoundries stock have an average target of 58.25, with a low estimate of 50 and a high estimate of 71. The average target predicts an increase of 48.67% from the current stock price of 39.18.
Analyst Consensus: Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $50 | $58.25 | $55 | $71 |
| Change | +27.62% | +48.67% | +40.38% | +81.21% |
* Price targets were last updated on Aug 7, 2024.
Analyst Ratings
The average analyst rating for GlobalFoundries stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 3 |
| Buy | 6 | 4 | 4 | 4 | 4 | 4 |
| Hold | 4 | 6 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 13 | 13 | 14 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $65 → $55 | Strong Buy | Maintains | $65 → $55 | +40.38% | Aug 7, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $60 → $55 | Strong Buy | Maintains | $60 → $55 | +40.38% | Aug 7, 2024 |
| Wedbush | Wedbush | Buy Reiterates $65 | Buy | Reiterates | $65 | +65.90% | Aug 7, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $77 → $71 | Buy | Maintains | $77 → $71 | +81.21% | Aug 7, 2024 |
| Needham | Needham | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Aug 7, 2024 |
Financial Forecast
Revenue This Year
6.79B
from 7.39B
Decreased by -8.10%
from 7.39B
Revenue Next Year
7.70B
from 6.79B
Increased by 13.38%
from 6.79B
EPS This Year
1.38
from 1.83
Decreased by -24.70%
from 1.83
EPS Next Year
1.92
from 1.38
Increased by 39.34%
from 1.38
| Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | ||
| Revenue | 5.81B | 4.85B | 6.59B | 8.11B | 7.39B | 6.79B | 7.70B | 8.67B | ||
| Revenue Growth | -6.19% | -16.55% | 35.75% | 23.13% | -8.83% | -8.10% | 13.38% | 12.62% | ||
| EPS | -2.72 | -2.70 | -0.49 | 2.62 | 1.83 | 1.38 | 1.92 | 2.77 | ||
| EPS Growth | - | - | - | - | -30.15% | -24.70% | 39.34% | 44.51% | ||
| Forward PE | - | - | - | - | - | 28.43 | 20.41 | 14.12 | ||
| No. Analysts | - | - | - | - | - | 19 | 20 | 11 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.2B | 8.7B | 9.9B | ||
| Avg | 6.8B | 7.7B | 8.7B | ||
| Low | 6.5B | 7.1B | 7.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -2.4% | 27.8% | 28.5% | ||
| Avg | -8.1% | 13.4% | 12.6% | ||
| Low | -11.4% | 4.2% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.51 | 2.46 | 3.54 | ||
| Avg | 1.38 | 1.92 | 2.77 | ||
| Low | 1.06 | 1.25 | 1.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -17.4% | 78.3% | 84.3% | ||
| Avg | -24.7% | 39.3% | 44.5% | ||
| Low | -42.3% | -9.0% | -11.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
