Citigroup Issues Pessimistic Forecast for GlobalFoundries (NASDAQ:GFS) Stock Price

Posted by Chris Copeland on Nov 7th, 2026

GlobalFoundries (NASDAQ:GFS – Get Free Report) had its price objective reduced by equities researchers at Citigroup from $58.00 to $46.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s target price points to a potential upside of 19.11% from the stock’s previous close.

Several other analysts have also recently commented on GFS. Deutsche Bank Aktiengesellschaft set a $75.00 price target on GlobalFoundries in a report on Monday, August 10th. Wedbush dropped their price objective on GlobalFoundries from $72.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday. BNP Paribas Exane cut GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective for the company. in a research report on Monday, October 5th. Jefferies Financial Group reduced their target price on GlobalFoundries from $60.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of GlobalFoundries in a research report on Thursday, October 15th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.79.

View Our Latest Stock Report on GFS

GlobalFoundries Stock Performance

Shares of GlobalFoundries stock traded up $2.26 on Thursday, reaching $38.62. 5,023,286 shares of the stock were exchanged, compared to its average volume of 5,924,218. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $45.84 and a two-hundred day moving average price of $54.88. The firm has a market capitalization of $21.19 billion, a PE ratio of 110.34, a PEG ratio of 1.33 and a beta of 1.78.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts anticipate that GlobalFoundries will post 1.50 earnings per share for the current fiscal year.

Insider Activity at GlobalFoundries

In other news, Director Ganesh Moorthy bought 2,500 shares of the stock in a transaction on Thursday, November 5th. The shares were bought at an average price of $37.48 per share, with a total value of $93,700.00. Following the completion of the acquisition, the director owned 5,500 shares of the company’s stock, valued at approximately $206,140. This trade represents a 83.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pradheepa Raman sold 6,760 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total value of $345,571.20. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,925 shares of company stock valued at $633,881 over the last ninety days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Diversified Trust Co raised its position in GlobalFoundries by 12.0% during the third quarter. Diversified Trust Co now owns 10,323 shares of the company’s stock worth $495,000 after acquiring an additional 1,105 shares during the last quarter. Aberdeen Group plc grew its position in shares of GlobalFoundries by 2,795.1% in the third quarter. Aberdeen Group plc now owns 85,956 shares of the company’s stock valued at $4,119,000 after purchasing an additional 82,987 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of GlobalFoundries in the third quarter valued at approximately $354,000. Machina Capital S.A.S. increased its stake in shares of GlobalFoundries by 36.4% during the 3rd quarter. Machina Capital S.A.S. now owns 27,755 shares of the company’s stock worth $1,330,000 after purchasing an additional 7,408 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of GlobalFoundries during the 3rd quarter worth approximately $1,497,000.

Key GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

Positive Sentiment: A Seeking Alpha article highlights improving margins and commitments that could support future growth. Another report points to a record third-quarter margin, suggesting operational progress. Margins Improve As GlobalFoundries Secures Commitments For Future Growth GlobalFoundries stock: Company posts record Q3 margin
Positive Sentiment: TD Cowen cut its target to $60 from $75 but kept a Buy rating, while Susquehanna lowered its target to $110 from $125 and retained a positive rating. TD Cowen price-target update Susquehanna price-target update
Neutral Sentiment: UBS, JPMorgan, and Citi lowered their targets to $43, $50, and $46, respectively, and maintained Neutral ratings. Their targets still imply potential upside from the cited $38.62 share price, but the cuts signal reduced expectations. UBS rating update JPMorgan rating update Citi rating update
Negative Sentiment: Wedbush made a particularly steep reduction, cutting its target to $45 from $72 and citing a lower valuation multiple. The broader wave of target cuts—including reductions from Citi, JPMorgan, UBS, and TD Cowen—could reinforce concerns about GFS’s near-term valuation and outlook. Wedbush cuts GlobalFoundries price target

GlobalFoundries Company Profile

(Get Free Report)

GlobalFoundries is a semiconductor foundry that manufactures integrated circuits for customers that design their own chips. Its services include wafer fabrication, process technology development, packaging support and design enablement, helping customers bring semiconductor products to market without operating their own fabrication facilities.

The company focuses on specialty technologies used in areas such as automotive electronics, communications, industrial systems, smart devices and data centers.