GLOBALFOUNDRIES Price Targets Lifted to $50–$60 Following Q4 Beat
UBS, TD Cowen and Baird raised GLOBALFOUNDRIES price targets on Feb. 12 to $50, $56 and $60, highlighting optimism on 2026 transition and market momentum. GlobalFoundries beat Q4 estimates with EPS of $0.55 and revenue of $1.83 billion, while non-IFRS gross margin rose nearly 400 basis points year-over-year.
1. Analyst Upgrades and Price Target Increases
On Feb. 12 UBS raised its price target on GLOBALFOUNDRIES to $50 while maintaining a Neutral rating. TD Cowen increased its target to $56 with a Buy rating and Baird lifted its target to $60 with an Outperform rating, citing momentum in communications, defense, aerospace and automotive markets.
2. Q4 Financial Performance
GlobalFoundries delivered Q4 EPS of $0.55, surpassing consensus by $0.08, and reported revenue of $1.83 billion, beating estimates by $30 million. Non-IFRS gross margin expanded by nearly 400 basis points year-over-year, driving profitability above the high end of guidance ranges.
3. Growth Drivers and Strategic Positioning
CEO Tim Breen highlighted that recent acquisitions expand wafer fabrication capabilities in AI data centers, physical AI applications and on-shoring megatrends. Its mainstream foundry services are positioned to capitalize on secular demand across high-growth end markets.
4. 2026 Outlook and End-Market Transition
Analysts view 2026 as a transition year as end-market exposure shifts toward high-growth segments. Momentum in communications, data center and defense sectors is expected to underpin revenue growth, while mobile softness may moderate near-term results.