GlobalFoundries (GFS, Financial) has unveiled plans to expedite its efforts to cut greenhouse gas (GHG) emissions in the near term. This strategic move strengthens the company's dedication to sustainable practices and enhances its role in leading sustainability initiatives alongside its partners.
The semiconductor manufacturer will realign its targets to adhere to the Science Based Target Initiative standards, ensuring that its emission reduction goals meet rigorous global benchmarks. This decision underscores GlobalFoundries' commitment to both environmental responsibility and the advancement of sustainability in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for GLOBALFOUNDRIES Inc (GFS, Financial) is $47.62 with a high estimate of $65.00 and a low estimate of $35.00. The average target implies an upside of 51.84% from the current price of $31.36. More detailed estimate data can be found on the GLOBALFOUNDRIES Inc (GFS) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, GLOBALFOUNDRIES Inc's (GFS, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for GLOBALFOUNDRIES Inc (GFS, Financial) in one year is $52.74, suggesting a upside of 68.18% from the current price of $31.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the GLOBALFOUNDRIES Inc (GFS) Summary page.
