On September 2, 2026, Stifel initiated coverage of GLOBALFOUNDRIES (NASDAQGS:GFS) with a Buy recommendation, projecting an 80.53% upside based on an average one-year price target of $79.38 per share compared to a recent closing price of $43.97.
The projected annual revenue for GLOBALFOUNDRIES is estimated at $11.15 billion, reflecting a 60.77% increase. Additionally, the company’s projected non-GAAP EPS stands at 3.42. As of the latest quarter, 674 funds are reporting positions in GLOBALFOUNDRIES, marking a significant increase of 311 fund owners, or 85.67%.
Mubadala Investment Co PJSC is the largest shareholder, holding 399,574K shares (72.82% ownership), despite a 5.87% decrease from the previous quarter. Notably, J.P. Morgan Chase increased its shares from 5,068K to 6,756K, representing a 24.99% growth.
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