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Key Points

  • GlobalFoundries was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting changing investor sentiment toward the company's stock performance.
  • Currently, the company has an average rating of "Hold" with a consensus price target of $43.79, as six analysts rate it as a Buy and eight as Hold.
  • Despite a benign outlook from some analysts, GlobalFoundries reported earnings of $0.42 per share for the last quarter, beating estimates and showing a revenue increase of 3.4% year-over-year.
  • Interested in GlobalFoundries? Here are five stocks we like better.
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