
GlobalFoundries (GFS) Stock Forecast & Price Target
GlobalFoundries (GFS) Analyst Ratings
Bulls say
GlobalFoundries is projected to experience robust sales growth due to a favorable product mix that emphasizes higher average selling prices (ASPs) per wafer, which is anticipated to enhance non-GAAP gross margins beyond initial expectations. The company reported an 8.4% quarter-over-quarter revenue increase and a significant 39.5% rise in automotive-related revenues, indicating strong demand within key segments. Additionally, management forecasts substantial growth in Silicon Photonics (SiPh) revenues and estimates achieving $1 billion in revenue by 2028, reinforcing the optimistic outlook on the company's financial trajectory.
Bears say
GlobalFoundries's financial outlook appears negative due to a significant decline in revenues within the Smart Mobile Devices segment, which reported $657 million, reflecting a 12.6% decrease quarter-over-quarter and an 11.0% decrease year-over-year. Compounding these challenges are supply chain shortages and a lack of interest in advanced technologies, leading to concerns about revenue reductions amid an already cyclical semiconductor market that has faced overcapacity issues. Additionally, potential technological missteps and the inability to innovate or protect intellectual property further threaten GlobalFoundries's revenue and profitability prospects.
This aggregate rating is based on analysts' research of GlobalFoundries and is not a guaranteed prediction by Public.com or investment advice.
GlobalFoundries (GFS) Analyst Forecast & Price Prediction
Start investing in GlobalFoundries (GFS)
Order type
Buy in
Order amount
Est. shares
0 shares