# GlobalFoundries Inc. – Consensus ‘buy’ rating and 5.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/globalfoundries-inc.consensus-buy-rating-and-5.8-upside-potential/4121165678
- Published: 2024-07-22T13:42:00+01:00
- Author: Charlotte Edwards

**GlobalFoundries Inc.** with ticker code (GFS) have now 15 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The range between
the high target price and low target price is between $77.00 and $50.00 suggesting
an average Analsyt target price of $61.79. Given that the stocks previous close 
was at $58.39 this now indicates there is a potential upside of 5.8%. The 50 day
moving average now sits at $51.67 while the 200 day moving average is $53.33. The
company has a market cap of 30.62B. The stock price for Occidental Petroleum Corporation
is $55.50 USD

 The potential market cap would be $32,406,106,322 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 34.47, revenue per share of $12.83
and a 3.63% return on assets.

GlobalFoundries Inc. is a provider of semiconductor manufacturing services. The 
Company is specialized in manufacturing processes, a library consisting of intellectual
property (IP) titles and differentiated transistor and device technology. The Company
manufactures a range of semiconductor devices, including microprocessors, mobile
application processors, baseband processors, network processors, radio frequency
modems, microcontrollers, and power management units. The Company serves a range
of customers, including the global leaders in Integrated circuit (IC) design, and
provide optimized solutions for the function, performance and power requirements
of critical applications. Its technology portfolio includes a range of differentiated
technology platforms, including radio frequency (RF) Silicon-on-Insulator (SOI) 
solutions, Fin Field-Effect Transistor (FinFET), Metal-Oxide Semiconductor (CMOS),
Fully-Depleted SOI (FDX), Silicon Germanium (SiGe) products and Silicon Photonics(
SiPh).

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