GFS Price Prediction Next Week
Technical Analysis
Based on the recent price action, GFS is showing a bearish trend with declining volume. The stock has formed a lower low pattern, breaking below the previous support level at $54. The current price of $43.22 indicates a significant downward movement.
News Impact
Recent news highlights significant developments affecting GFS:
CHIPS Act Review: The Trump administration is reviewing and potentially renegotiating CHIPS Act awards, which could impact GlobalFoundries' $406 million government grant. This creates uncertainty around future funding.
Analyst Ratings:
- Evercore ISI maintains Buy rating with $55 target price
- TD Cowen maintains Buy with $50 target
- Overall consensus is Moderate Buy with average target of $46.17
Financial Performance
- Latest quarterly revenue: $1.74 billion
- Net profit: $177 million
- Year-over-year decline from revenue of $1.85 billion and profit of $249 million
Price Prediction for Next Week
Based on technical analysis and news sentiment:
Bearish Scenario (60% probability):
- Support level: $41.50
- Target: $40-41 range
- Driven by CHIPS Act uncertainty and declining semiconductor demand
Neutral Scenario (30% probability):
- Trading range: $42-44
- Consolidation around current levels
Bullish Scenario (10% probability):
- Resistance: $45
- Target: $46-47 range
- Would require positive CHIPS Act news or sector-wide semiconductor recovery
Recommendation: SELL
- Current price shows weakness in momentum
- CHIPS Act uncertainty creates significant downside risk
- Technical indicators suggest continued downward pressure
- Optimal selling price range: $43-44
GFS Similar Chart Price Prediction
The price of GFS is predicted to go up -3.93%, based on the high correlation periods with SSTI. The similarity of these two price pattern on the periods is 91.32%.
GFS
SSTI
Down: -3.93%Similarity: 91.32%
GFS Revenue Forecast
GFS EPS Forecast
GFS FAQs
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GFS VS S&P500
An unexpectedly strong boom in low-power, untethered devices will boost demand for GF's specialty processes.
GF can continue its practice of using long-term agreements and single-sourcing contracts to mitigate volatility in its financial results.
Non-Chinese potential entrants are dissuaded by high capital requirements and lack of talent.
GFS Analyst's Forecast
Joseph Moore
Morgan Stanley
Hold
2025-02-12
Price Target
$40 → $42
Downside
-3.56%
Morgan Stanley raised the firm's price target on GlobalFoundries to $42 from $40 and keeps an Equal Weight rating on the shares. Q1 guidance that was below expectations is "a reminder that the pace of fundamental acceleration is likely to remain modest," says the analyst, who adds that the long term backdrop remains constructive for above-market growth.
Quinn Bolton
Needham
Hold → Strong Buy
2025-02-12
Price Target
$50
Upside
+14.81%
Timothy Arcuri
UBS
Hold
2024-11-20
Price Target
$47
Upside
+12.82%
