- The shares of GlobalFoundries Inc (NASDAQ: GFS) have received a $70 price target from Deutsche Bank. These are the details.
The shares of GlobalFoundries Inc (NASDAQ: GFS) have received a $70 price target from Deutsche Bank. And Deutsche Bank analyst Ross Seymore is maintaining a “Buy” rating on the shares.
Seymore noted that the purgatory stage of the semiconductor cycle appears to be in full effect heading into the first-quarter earnings reports. And fundamentally, Seymore expects revenue and earnings strength to persist with semiconductor demand exceeding supply.
But despite these positive fundamentals, Seymore believes recent investor concerns of a cyclical slowdown or correction are likely to persist as supply loosens and demand potentially softens.
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