Where Does Wall Street Think Globalfoundries Inc (GFS) Stock Will Go?

Analysts who follow Globalfoundries Inc (GFS) on average expect it to rise 28.14% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns GFS an Analyst Ranking of 68, which means it ranks higher than 68 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating GFS a Strong Buy today. Find out what this means to you and get the rest of the rankings on GFS!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Globalfoundries Inc Stock Today?

Globalfoundries Inc (GFS) stock is trading at $59.73 as of 11:02 AM on Thursday, May 26, a rise of $1.11, or 1.89% from the previous closing price of $58.62. The stock has traded between $56.60 and $60.00 so far today. Volume today is less active than usual. So far 954,374 shares have traded compared to average volume of 2,074,035 shares. Click Here to get the full Stock Report for Globalfoundries Inc stock.