GlobalFoundries Inc. (NASDAQ:GFS) saw Citi raise its price target to $42 from $35 with a Neutral rating on January 15. This followed a transfer of coverage and a shift in the firm’s valuation model to 2027 estimates. On January 14, GlobalFoundries also acquired Synopsys Inc.’s (NASDAQ:SNPS) ARC Processor IP Solutions business to boost its physical AI capabilities. The acquisition includes various product lines and tools that will be integrated with MIPS, a GlobalFoundries company. This move is aimed at enhancing customer engagement and speeding up time-to-market for GF’s customers.

Read more at Yahoo Finance: Citi Updates GlobalFoundries (GFS) Valuation Model to 2027 Estimates From 2026