Rajvindra Gill analyst at Needham reiterates coverage on GlobalFoundries Inc (GFS) stock in the Technology sector with a Buy rating. TipRanks.com has Gill rated as a 4.9 star analyst with a 61% return on investment and a 14.5% success rate. Gill has set a price target of $ 70.
TipRanks.com reports that GlobalFoundries Inc stock currently has 10 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target for GFS's stock is $70.40. The target pricing ranges from a high forecast of $100.00 down to a low forecast of $48.00. GlobalFoundries Inc (GFS)’s stock last closing price was $64.95 which would put the average price target at 8.39% upside.
In addition, TradingView issued a n/a rating for GFS's stock over the next month, Barchart.com has a n/a rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on GFS stock.
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TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
This article was pulled from techstockmovers.com as they are an authority in the Tech Stock Sector. TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more.
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