GlobalFoundries price target lowered to $40 from $44 at JPMorgan

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GlobalFoundries terms people lowered to $40 from $44 astatine JPMorgan

TipRanks

Thu, May 8, 2025, 7:21 AM 1 min read

JPMorgan lowered the firm’s price target connected GlobalFoundries (GFS) to $40 from $44 and keeps a Neutral standing connected the shares. The steadfast notes GlobalFoundries reported results supra expectations, reflecting beardown maturation successful its non-wafer revenue, which helped offset seasonal declines successful its halfway wafer segment: smartphone/mobile and Home and Industrial IoT. For the June-quarter outlook, the squad guided revenues up astir 6% quarter-over-quarter, supra statement expectations driven by continued maturation successful Automotive and Communications Infrastructure Data Center. JPMorgan believes the gross outlook was mostly locked successful anterior to Liberation time and expects tariff/trade-related dynamics volition apt measurement connected the 2nd fractional of 2025 performance, peculiarly successful consumer/industrial-facing markets.

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