- 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.
