GlobalFoundries’ (GFS) Buy Rating Reiterated at TD Cowen

Posted by Brenda Bartman on Oct 15th, 2026

GlobalFoundries (NASDAQ:GFS – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at TD Cowen in a research report issued on Thursday, Benzinga reports. They currently have a $75.00 price target on the stock. TD Cowen’s target price would suggest a potential upside of 56.57% from the stock’s previous close.

GFS has been the topic of several other reports. BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research report on Monday, October 5th. Stifel Nicolaus started coverage on GlobalFoundries in a research report on Tuesday, September 1st. They issued a “buy” rating and a $60.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research report on Wednesday, August 26th. Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of GlobalFoundries in a research report on Thursday. Finally, UBS Group dropped their target price on GlobalFoundries from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.79.

Get Our Latest Stock Analysis on GlobalFoundries

GlobalFoundries Stock Down 2.1%

NASDAQ:GFS traded down $1.04 during trading hours on Thursday, hitting $47.90. 2,846,985 shares of the company’s stock traded hands, compared to its average volume of 4,327,379. The firm has a market cap of $26.28 billion, a P/E ratio of 37.42, a P/E/G ratio of 1.48 and a beta of 1.77. GlobalFoundries has a twelve month low of $32.02 and a twelve month high of $92.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.74 and a current ratio of 2.48. The stock’s fifty day moving average price is $47.69 and its two-hundred day moving average price 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 for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. GlobalFoundries had a return on equity of 6.69% and a net margin of 10.36%. GlobalFoundries’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. On average, research analysts expect that GlobalFoundries will post 1.48 earnings per share for the current fiscal year.

Insider Transactions at GlobalFoundries

In other news, Director Glenda Dorchak sold 4,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $58.22, for a total transaction of $232,880.00. Following the transaction, the director owned 14,867 shares of the company’s stock, valued at approximately $865,556.74. This represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Pradheepa Raman sold 6,760 shares of the stock in a transaction dated 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. In the last three months, insiders have sold 16,590 shares of company stock worth $859,087.

Institutional Trading of GlobalFoundries

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in shares of GlobalFoundries by 239.0% in the first 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 during the last quarter. Bank of America Corp DE grew its stake in shares of GlobalFoundries by 106.1% in the first 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 during the last quarter. First Trust Advisors LP grew its stake in shares of GlobalFoundries by 97.4% in the first 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 during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of GlobalFoundries in the first quarter worth $1,108,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of GlobalFoundries in the second quarter worth $3,067,000.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

Positive Sentiment: Japan is expected to provide substantial infrastructure funding—roughly $10 billion initially, with a potential second phase of similar size—allowing GlobalFoundries to expand without funding the full construction cost through debt or internal cash flow. The arrangement is viewed as favorable for the company’s balance sheet, which currently has a debt-to-equity ratio of about 0.13. GlobalFoundries to Build Two Chip Fabs With Up to $21 Billion Funding
Positive Sentiment: The two facilities could add up to 1.8 million 300mm wafers of annual capacity, or approximately 900,000 wafers per fab. The expansion is supported by expected demand from customers including Apple, General Motors, Cirrus Logic and Renesas, reducing the risk of building unused capacity. GlobalFoundries selected to operate two new semiconductor fabs
Positive Sentiment: The announcement strengthens GlobalFoundries’ strategic position in domestic and allied semiconductor supply chains. Separately, about $955 million in amended CHIPS Act funding will support silicon photonics, silicon-germanium and advanced-packaging projects. GlobalFoundries Stock Rises on Semiconductor Manufacturing Initiative
Neutral Sentiment: Construction is expected to begin in late 2026, but meaningful revenue from the new fabs is not anticipated until around 2029. Investors will therefore need to wait several years for the capacity expansion to affect earnings.
Negative Sentiment: The U.S. government is expected to receive approximately a 4% equity stake, creating modest dilution for existing shareholders. The projects also face normal execution risks, including construction delays, equipment shortages and changes in semiconductor demand.

GlobalFoundries Company Profile

(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.