GlobalFoundries (NASDAQ:GFS) Price Target Raised to $70.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on GlobalFoundries to $70 (from $45) but kept a "neutral" rating, implying roughly a 3.2% downside from the current stock price.
• Several firms upgraded GFS—most notably Susquehanna to a $100 target and Cantor Fitzgerald/Needham to $80—while the MarketBeat consensus target sits at $66.06 with 8 Buys, 11 Holds and 1 Sell.
• Fundamentals are mixed: GFS beat Q1 EPS at $0.40 (vs. $0.35 est.) and highlighted stronger data‑center demand plus a new SCALE photonics product, but gave Q2 EPS guidance of $0.25–$0.35, below consensus (~$0.39).

GlobalFoundries (NASDAQ:GFS - Get Free Report) had its price target raised by research analysts at JPMorgan Chase & Co. from $45.00 to $70.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 3.18% from the company's current price.

GFS has been the subject of a number of other research reports. Cantor Fitzgerald upgraded shares of GlobalFoundries from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $50.00 to $80.00 in a research report on Monday. Susquehanna upgraded shares of GlobalFoundries from a "neutral" rating to a "positive" rating and upped their price objective for the stock from $50.00 to $100.00 in a research report on Wednesday. TD Cowen reiterated a "buy" rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Zacks Research upgraded shares of GlobalFoundries from a "strong sell" rating to a "hold" rating in a research report on Friday, January 30th. Finally, Needham & Company LLC upped their price objective on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, GlobalFoundries currently has an average rating of "Hold" and a consensus target price of $66.06.

GlobalFoundries Stock Performance

NASDAQ GFS traded down $1.74 on Wednesday, reaching $72.30. 7,954,549 shares of the company's stock traded hands, compared to its average volume of 4,080,942. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 45.47, a P/E/G ratio of 2.67 and a beta of 1.71. The stock has a 50 day moving average price of $49.26 and a 200-day moving average price of $42.36. GlobalFoundries has a fifty-two week low of $31.51 and a fifty-two week high of $75.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.95 and a current ratio of 2.62.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts predict that GlobalFoundries will post 1.37 EPS for the current fiscal year.

Insider Transactions at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $58.46, for a total transaction of $233,840.00. Following the completion of the sale, the director owned 18,867 shares of the company's stock, valued at $1,102,964.82. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the business's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total transaction of $139,587.00. Following the sale, the insider directly owned 16,045 shares of the company's stock, valued at $973,771.05. This represents a 12.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,200 shares of company stock valued at $801,067 over the last 90 days.

Institutional Trading of GlobalFoundries

Large investors have recently bought and sold shares of the business. WealthCollab LLC grew its stake in GlobalFoundries by 674.7% during the 4th quarter. WealthCollab LLC now owns 705 shares of the company's stock valued at $25,000 after acquiring an additional 614 shares in the last quarter. True Wealth Design LLC grew its stake in GlobalFoundries by 216.7% during the 4th quarter. True Wealth Design LLC now owns 795 shares of the company's stock valued at $28,000 after acquiring an additional 544 shares in the last quarter. Clearstead Advisors LLC grew its stake in GlobalFoundries by 91.9% during the 3rd quarter. Clearstead Advisors LLC now owns 808 shares of the company's stock valued at $29,000 after acquiring an additional 387 shares in the last quarter. First Horizon Corp purchased a new stake in GlobalFoundries during the 3rd quarter valued at about $33,000. Finally, Covestor Ltd grew its stake in GlobalFoundries by 57.6% during the 4th quarter. Covestor Ltd now owns 955 shares of the company's stock valued at $33,000 after acquiring an additional 349 shares in the last quarter.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 earnings beat: GFS reported $0.40 EPS vs. ~ $0.35 consensus and revenue roughly in line with expectations, giving evidence of continued topline growth and improved margins. Read More.
• Positive Sentiment: Upbeat outlook for data-center demand: Management signaled stronger data‑center deployments and higher Q2 revenue expectations, supporting the narrative of accelerating demand in AI/data center workloads. Read More.
• Positive Sentiment: New product push — SCALE optical/photonics platform: GlobalFoundries launched a co‑packaged optics/photonics platform aimed at AI data centers, expanding TAM exposure if adoption picks up. This helps the long‑term growth story. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets: Susquehanna upgraded GFS to positive with a $100 target, Cantor Fitzgerald and Needham raised views/targets — these upgrades can drive buying interest and help sentiment. Read More.
• Neutral Sentiment: Heavy call buying/option flow: Unusually large volume of call options was reported ahead of/after results, indicating speculative or institutional bullish positioning; this suggests elevated trader interest but not necessarily fundamental change.
• Neutral Sentiment: Small insider sales disclosed under Rule 10b5‑1 (e.g., 500 shares by Samak Azar) — routine filings that merit monitoring but are not a clear signal of deteriorating fundamentals. Read More.
• Negative Sentiment: Q2 EPS guidance missed consensus: Management set Q2 EPS at $0.25–$0.35, below the consensus (~$0.39), which trimmed some of the positive reaction to the Q1 beat and raised near‑term growth concerns. Read More.
• Negative Sentiment: Cautious analyst targets remain: Wedbush and some others keep neutral/low targets (e.g., $50), which could cap upside and increase volatility despite recent upgrades from other firms. Read More.

About GlobalFoundries

GlobalFoundries, Inc NASDAQ: GFS is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.