GLOBALFOUNDRIES (GFS) Tops Q4 EPS by 1c, Offers Guidance

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Needham Upgrades GlobalFoundries Inc. (GFS) to Buy

February 12, 2025 7:10 AM EST

Needham analyst Rajvindra Gill upgraded GlobalFoundries Inc. (NASDAQ: GFS) from Hold to Buy with a price target of $50.00.

The analyst comments "We believe the outlook for GlobalFoundries is improving as the semiconductor industry emerges from the cyclical downturn. Not... More