GlobalFoundries (NASDAQ:GFS) Stock Price Target Cut by JPMorgan Chase & Co.

Posted by Geri Gentry on Nov 7th, 2026

GlobalFoundries (NASDAQ:GFS – Get Free Report) had its price objective dropped by JPMorgan Chase & Co. from $57.00 to $50.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 29.47% from the company’s current price.

Other equities research analysts have also issued research reports about the company. BNP Paribas Exane lowered GlobalFoundries from an “outperform” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of GlobalFoundries in a report on Wednesday, August 26th. Morgan Stanley dropped their target price on shares of GlobalFoundries from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. TD Cowen cut their price target on GlobalFoundries from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of GlobalFoundries in a research note on Thursday, October 15th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GlobalFoundries currently has a consensus rating of “Hold” and a consensus price target of $67.79.

Check Out Our Latest Stock Report on GlobalFoundries

GlobalFoundries Stock Performance

GFS traded up $2.26 during midday trading on Thursday, hitting $38.62. 5,023,286 shares of the company were exchanged, compared to its average volume of 5,924,218. The company’s 50 day simple moving average is $45.84 and its 200 day simple moving average is $54.88. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 110.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.78. The company has a current ratio of 2.48, a quick ratio of 1.74 and a debt-to-equity ratio of 0.13. GlobalFoundries has a 1-year low of $32.02 and a 1-year high of $92.55.

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

Insider Buying and Selling at GlobalFoundries

In related news, Director Ganesh Moorthy bought 2,500 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was bought at an average cost 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 in the company, valued at approximately $206,140. This represents a 83.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pradheepa Raman sold 6,760 shares of GlobalFoundries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $51.12, for a total value of $345,571.20. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,925 shares of company stock valued at $633,881 in the last quarter.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in GlobalFoundries during the third quarter valued at about $30,000. FNY Investment Advisers LLC acquired a new position in GlobalFoundries during the 2nd quarter worth approximately $60,000. Parallel Advisors LLC boosted its holdings in GlobalFoundries by 39.8% in the 1st quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Global Assets Advisory LLC purchased a new position in GlobalFoundries in the 1st quarter worth approximately $53,000. Finally, Signaturefd LLC grew its position in GlobalFoundries by 22.3% in the third quarter. Signaturefd LLC now owns 1,370 shares of the company’s stock valued at $66,000 after acquiring an additional 250 shares in the last quarter.

GlobalFoundries News Roundup

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.