Deutsche Bank Analyst Reiterates Buy Rating on GlobalFoundries Inc, GFS
Ross Seymore analyst at Deutsche Bank reiterates coverage on GlobalFoundries Inc (GFS) in the Technology sector with a Buy rating. TipRanks.com has Seymore rated as a 5 star analyst with a 79% return on investment and a 26.8% success rate. Seymore has set a price target of $70.
TipRanks.com reports that GlobalFoundries Inc currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $82.42. The target pricing ranges from a high forecast of $100.00 down to a low forecast of $70.00. GlobalFoundries Inc (GFS)’s last closing price was $$53.25 which would put the average price target at 54.78% upside.
In addition, TradingView issued a Sell rating for GFS over the next month, Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on GFS.
Other analysts covering GFS include:
- Joseph Moore of Morgan Stanley issued a Buy rating with the price target of $ 72.5 on 1 month ago
- John Pitzer of Credit Suisse issued a Buy rating with the price target of $ 80 on 2 months ago
- Rajvindra Gill of Needham issued a Buy rating with the price target of $ 87 on 2 months ago
- Mehdi Hosseini of Susquehanna issued a Buy rating with the price target of $ 85 on 2 months ago
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 >>
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