From Financial Modeling Prep: 2024-11-20 09:06:00

UBS analysts initiated coverage on GlobalFoundries (NASDAQ:GFS) with a Neutral rating and a $47 price target, citing a mix of opportunities and challenges for the semiconductor foundry. GlobalFoundries’ strong position is supported by its diverse technology portfolio and manufacturing capacity in the US, Europe, and Singapore, but analysts are concerned about oversupply pressures in mature node markets through 2026.

Despite its strategic location and industry trends, UBS projected lower-than-consensus growth for GlobalFoundries in 2025 and 2026. The stock is considered relatively expensive compared to peers due to its lower growth and gross margin profile. The potential for Intel to use its non-EUV capacity to compete in these markets poses a long-term risk for GlobalFoundries.



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