Why The GlobalFoundries Stock Increased 0.6% (GFS)

By Amit Chowdhry ● Jan 25, 2023
  • The stock price of GlobalFoundries (GFS) increased by 0.6% in the most recent trading session. This is why.

The stock price of GlobalFoundries (GFS) increased by 0.6% in the most recent trading session.

Why: Research report

Price target: $70

Rating: Buy

Analyst firm: Loop Capital

Loop Capital analysts adjusted the rating while noting that they believe the company is ideally positioned to benefit from the secular growth in key end markets in semis (Autos, IoT, DC,, and Smart Devices), helped by their purpose-built technologies.