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GlobalFoundries Inc. (GFS) Receives a Buy from Susquehanna

Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on GlobalFoundries Inc. (GFSResearch Report) today and set a price target of $85.00. The company’s shares closed last Monday at $54.75.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 11.4% and a 56.1% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GlobalFoundries Inc. with a $78.43 average price target.

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GLOBALFOUNDRIES Inc. is a semiconductor foundry. It manufactures complex ICs that enable electronic devices that are pervasive in every sector of the economy. It derives revenue primarily from fabricating semiconductor wafers using the company’s manufacturing processes for the company’s customers based on their proprietary integrated circuit designs and, from design, mask making, bumping, probing, assembly, and testing services.

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