GLOBALFOUNDRIES (GFS) stock forecast for 2023. Forecast tables and graphs.

GLOBALFOUNDRIES (GFS) stock forecast for 2023

Last update: October 3, 2022 (10:54)

Sector: Technology

The share price of GLOBALFOUNDRIES Inc. (GFS) now

What analysts predict:: $68.33

52-week high/low: $79.49 / $36.81

50/200 Day Moving Average: $56.62 / $55.7

This figure corresponds to the average price over the previous 50/200 days. For GLOBALFOUNDRIES stocks, the 50-day moving average is the support level today.

For GLOBALFOUNDRIES stocks, the 200-day moving average is the support level today.

Are you interested in GLOBALFOUNDRIES stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the GLOBALFOUNDRIES stock price in 2023. How much will one GLOBALFOUNDRIES share be worth in 2023?

Is it worth taking profit / loss on GLOBALFOUNDRIES stock now or waiting? What are analysts' forecasts for GLOBALFOUNDRIES stock?

We forecast GLOBALFOUNDRIES stock performance using neural networks based on historical data on GLOBALFOUNDRIES stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

The GLOBALFOUNDRIES stock prediction results are shown below and presented as a graph, table and text information.

GLOBALFOUNDRIES stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for GLOBALFOUNDRIES analysts is $68.33.

Today 200 Day Moving Average is the support level (55.7 $).

50 Day Moving Average is the support level (56.62 $).





Historical and forecast chart of GLOBALFOUNDRIES stock

The chart below shows the historical price of GLOBALFOUNDRIES stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the GLOBALFOUNDRIES stock price can be found in the table below.

GLOBALFOUNDRIES (GFS) Forecast for 2023

Month Target Pes. Opt. Vol., %
Jan 54.31 51.29 56.02 8.43 %
Feb 48.52 43.21 50.20 13.92 %
Mar 48.45 43.07 51.36 16.13 %
Apr 53.54 48.96 56.83 13.85 %
May 61.01 57.35 63.84 10.18 %
Jun 56.71 54.41 61.38 11.36 %
Jul 60.19 58.21 63.53 8.38 %
Aug 58.39 56.37 60.40 6.67 %
Sep 62.15 56.37 69.52 18.91 %
Oct 66.35 58.39 68.94 15.30 %
Nov 64.95 58.52 67.29 13.03 %
Dec 73.53 68.46 76.51 10.52 %

GLOBALFOUNDRIES information and performance

GlobalFoundries Inc. Is an American company headquartered in Milpitas, California, engaged in the production of semiconductor integrated circuits. GlobalFoundries was formed on March 2, 2009 from AMD‘s manufacturing division, then expanded through a merger on January 13, 2010 with Singapore-based Chartered Semiconductor Manufacturing.

In March 2012, GlobalFoundries announced that it had reached an agreement with AMD to acquire the remaining 8.8% stake in the company from the developer. Upon completion of the transaction, GlobalFoundries will be wholly owned by Advanced Technology Investment Company (ATIC), the investment group of the government of Abu Dhabi. Nevertheless, AMD remains one of the main strategic partners of the company.

According to TrendForce, as of the end of 2017, GlobalFoundries is the second largest contract manufacturer of semiconductor chips with a market share of 9.4%. TSMC is in first place (55.9%), in third – United Microelectronics Corporation (8.5%).

GLOBALFOUNDRIES Address

400 STONEBREAK ROAD EXTENSION, MALTA, NY, UNITED STATES

Market Capitalization: 26 115 867 000 $

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.

EBITDA: 2 299 403 000 $

EBITDA is earnings before interest, income tax and depreciation of assets.

PE Ratio: 56.22

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: None

Price/earnings to growth

DPS: N/A

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: N/A

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 0.86

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: N/A

Quarterly Revenue Growth YOY: 0.23

Trailing PE: 56.22

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 19.65

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 3.557

Enterprise Value (EV) /Revenue

EV To EBITDA: 11.37

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 540142000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A

Percent Insiders: N/A

Percent Institutions: N/A

GLOBALFOUNDRIES price target for 2021 by month


Target values for the price of one GLOBALFOUNDRIES share for Jan 2023.

The weighted average target price per GLOBALFOUNDRIES share in Jan 2023 is: 54.31. In Jan, the negative dynamics for Momo shares will prevail with possible monthly volatility of 8.434% volatility is expected.

Pessimistic target level: 51.29

Optimistic target level: 56.02


Target values for the price of one GLOBALFOUNDRIES share for Feb 2023.

The weighted average target price per GLOBALFOUNDRIES share in Feb 2023 is: 48.52. In Feb, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.920% volatility is expected.

Pessimistic target level: 43.21

Optimistic target level: 50.20


Target values for the price of one GLOBALFOUNDRIES share for Mar 2023.

The weighted average target price per GLOBALFOUNDRIES share in Mar 2023 is: 48.45. In Mar, the negative dynamics for Momo shares will prevail with possible monthly volatility of 16.132% volatility is expected.

Pessimistic target level: 43.07

Optimistic target level: 51.36


Target values for the price of one GLOBALFOUNDRIES share for Apr 2023.

The weighted average target price per GLOBALFOUNDRIES share in Apr 2023 is: 53.54. In Apr, the positive dynamics for Momo shares will prevail with possible monthly volatility of 13.848% volatility is expected.

Pessimistic target level: 48.96

Optimistic target level: 56.83


Target values for the price of one GLOBALFOUNDRIES share for May 2023.

The weighted average target price per GLOBALFOUNDRIES share in May 2023 is: 61.01. In May, the positive dynamics for Momo shares will prevail with possible monthly volatility of 10.177% volatility is expected.

Pessimistic target level: 57.35

Optimistic target level: 63.84


Target values for the price of one GLOBALFOUNDRIES share for Jun 2023.

The weighted average target price per GLOBALFOUNDRIES share in Jun 2023 is: 56.71. In Jun, the negative dynamics for Momo shares will prevail with possible monthly volatility of 11.363% volatility is expected.

Pessimistic target level: 54.41

Optimistic target level: 61.38


Target values for the price of one GLOBALFOUNDRIES share for Jul 2023.

The weighted average target price per GLOBALFOUNDRIES share in Jul 2023 is: 60.19. In Jul, the positive dynamics for Momo shares will prevail with possible monthly volatility of 8.385% volatility is expected.

Pessimistic target level: 58.21

Optimistic target level: 63.53


Target values for the price of one GLOBALFOUNDRIES share for Aug 2023.

The weighted average target price per GLOBALFOUNDRIES share in Aug 2023 is: 58.39. In Aug, the negative dynamics for Momo shares will prevail with possible monthly volatility of 6.670% volatility is expected.

Pessimistic target level: 56.37

Optimistic target level: 60.40


Target values for the price of one GLOBALFOUNDRIES share for Sep 2023.

The weighted average target price per GLOBALFOUNDRIES share in Sep 2023 is: 62.15. In Sep, the positive dynamics for Momo shares will prevail with possible monthly volatility of 18.909% volatility is expected.

Pessimistic target level: 56.37

Optimistic target level: 69.52


Target values for the price of one GLOBALFOUNDRIES share for Oct 2023.

The weighted average target price per GLOBALFOUNDRIES share in Oct 2023 is: 66.35. In Oct, the positive dynamics for Momo shares will prevail with possible monthly volatility of 15.303% volatility is expected.

Pessimistic target level: 58.39

Optimistic target level: 68.94


Target values for the price of one GLOBALFOUNDRIES share for Nov 2023.

The weighted average target price per GLOBALFOUNDRIES share in Nov 2023 is: 64.95. In Nov, the negative dynamics for Momo shares will prevail with possible monthly volatility of 13.031% volatility is expected.

Pessimistic target level: 58.52

Optimistic target level: 67.29


Target values for the price of one GLOBALFOUNDRIES share for Dec 2023.

The weighted average target price per GLOBALFOUNDRIES share in Dec 2023 is: 73.53. In Dec, the positive dynamics for Momo shares will prevail with possible monthly volatility of 10.524% volatility is expected.

Pessimistic target level: 68.46

Optimistic target level: 76.51




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.