On Nov 06, major Wall Street analysts update their ratings for $GlobalFoundries (GFS.US)$, with price targets ranging from $40 to $50.
BofA Securities analyst Vivek Arya maintains with a hold rating, and adjusts the target price from $52 to $45.
Citi analyst Christopher Danely maintains with a hold rating, and adjusts the target price from $56 to $40.
Baird analyst Tristan Gerra maintains with a buy rating, and adjusts the target price from $63 to $50.
Needham analyst Quinn Bolton maintains with a hold rating.
Cantor Fitzgerald analyst C J Muse maintains with a hold rating, and adjusts the target price from $55 to $40.
Furthermore, according to the comprehensive report, the opinions of $GlobalFoundries (GFS.US)$'s main analysts recently are as follows:
GlobalFoundries delivered a strong Q3 performance and increased its Q4 projections, with the automotive sector being a significant contributor to this growth. Yet, the expectation for Q1 revenue is a high single-digit decrease sequentially, which falls short of consensus estimates.
The expectation is that the first quarter of 2025 may mark a cyclical low point for GlobalFoundries, with a predicted quarterly revenue fall at the upper end of the typical seasonal range, potentially leading gross margins to reach an estimated low of 20%.
Here are the latest investment ratings and price targets for $GlobalFoundries (GFS.US)$ from 6 analysts:
Note:
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