GlobalFoundries (NASDAQ:GFS) Stock Keeps “Buy” Rating at TD Cowen

Posted by Brenda Bartman on Oct 15th, 2026

GlobalFoundries (NASDAQ:GFS – Get Free Report)‘s stock had its “buy” rating reissued by analysts at TD Cowen in a research note issued to investors on Thursday, Benzinga reports. They presently have a $75.00 target price on the stock. TD Cowen’s price objective indicates a potential upside of 57.47% from the stock’s previous close.

A number of other research firms have also issued reports on GFS. BNP Paribas Exane lowered shares of GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Monday, October 5th. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Jefferies Financial Group set a $60.00 target price on shares of GlobalFoundries in a report on Wednesday, August 5th. Wedbush reaffirmed a “neutral” rating and set a $72.00 target price on shares of GlobalFoundries in a report on Thursday. Finally, UBS Group cut their target price on shares of GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.79.

Check Out Our Latest Stock Report on GFS

GlobalFoundries Stock Performance

GFS traded down $1.31 during trading on Thursday, reaching $47.63. 5,411,416 shares of the company’s stock were exchanged, compared to its average volume of 4,342,907. GlobalFoundries has a 1 year low of $32.02 and a 1 year high of $92.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.48 and a quick ratio of 1.74. The stock has a market capitalization of $26.13 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.48 and a beta of 1.77. The company’s fifty day simple moving average is $47.69 and its 200-day simple moving average is $59.70.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 10.36% and a return on equity of 6.69%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.42 EPS. GlobalFoundries’s revenue for the quarter was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts predict that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Activity at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of GlobalFoundries stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total transaction of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares of the company’s stock, valued at $865,556.74. The trade was a 21.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $51.12, for a total transaction of $345,571.20. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 16,590 shares of company stock valued at $859,087.

Institutional Investors Weigh In On GlobalFoundries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its holdings in GlobalFoundries by 239.0% in the 1st quarter. Sei Investments Co. now owns 48,246 shares of the company’s stock worth $2,146,000 after acquiring an additional 34,014 shares in the last quarter. Bank of America Corp DE increased its holdings in GlobalFoundries by 106.1% in the 1st quarter. Bank of America Corp DE now owns 875,361 shares of the company’s stock worth $38,936,000 after acquiring an additional 450,722 shares in the last quarter. First Trust Advisors LP increased its holdings in GlobalFoundries by 97.4% in the 1st quarter. First Trust Advisors LP now owns 264,837 shares of the company’s stock worth $11,780,000 after acquiring an additional 130,643 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in GlobalFoundries in the 1st quarter worth $1,108,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in GlobalFoundries in the 2nd quarter worth $3,067,000.

Key Stories Impacting GlobalFoundries

Here are the key news stories impacting GlobalFoundries this week:

Positive Sentiment: Japan plans to provide up to $21 billion to support two new GlobalFoundries-operated semiconductor fabs in New York. The facilities could add as much as 1.8 million 300mm wafers of annual capacity, while allowing GlobalFoundries to expand without funding the full construction cost. GlobalFoundries shares retreat as investors weigh US-Japan manufacturing deal
Positive Sentiment: The agreement strengthens GlobalFoundries’ position in domestic and allied semiconductor supply chains, with reported commercial interest from Apple, General Motors, Cirrus Logic and Renesas. The first fab is expected to begin construction in late 2026, with meaningful revenue contributions projected around 2029. GlobalFoundries selected to operate two new semiconductor fabs
Positive Sentiment: TD Cowen reaffirmed a Buy rating with a $75 price target, while Wedbush maintained a Neutral rating but raised its target to $72. Both targets imply substantial upside from recent trading levels.
Neutral Sentiment: The U.S. government is reportedly increasing its equity stake in GlobalFoundries, potentially from 3% to 7%. Government participation may reinforce strategic support, but the associated equity issuance or stake changes could dilute existing shareholders. Japan Is Putting Up to $21 Billion Into New GlobalFoundries Chip Plants
Negative Sentiment: The pullback reflects profit-taking after the previous day’s deal-driven advance. Investors must also weigh execution risks, construction delays and the long wait before the new fabs generate revenue. Existing valuation metrics remain demanding, with the stock trading at roughly 38 times earnings.

About GlobalFoundries

(Get Free Report)

GlobalFoundries Inc is a semiconductor contract manufacturer that produces chips for customers without owning their own fabrication facilities. The company operates as a pure-play foundry, manufacturing semiconductors based on customers’ designs and supporting them through process development, wafer fabrication, packaging, and related services.

Its technology portfolio focuses on specialized semiconductor platforms rather than the most advanced leading-edge logic nodes. Products and services include radio-frequency technologies, analog and mixed-signal solutions, power management, embedded memory, silicon photonics, and automotive and industrial semiconductor platforms.