BofA raises GlobalFoundries stock price target to $60 on margins

BofA Securities has increased its price target for GlobalFoundries Inc. (NASDAQ:GFS) to $60 from $45, while maintaining an Underperform rating. The adjustment follows strong first-quarter 2026 results where sales met expectations and profit per share exceeded by 20% due to improved gross margins. Despite the stock trading in overbought territory and appearing overvalued by some metrics, BofA acknowledged GlobalFoundries’ shift towards higher-margin markets like Automotive and Communications Infrastructure, contributing to its refined valuation based on AI exposure.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin