AI DATA CENTER DEMAND - Co said strong momentum and accelerating customer demand in optical networking for AI data centers drove revenue growth
TECHNOLOGY ACQUISITIONS - Co completed acquisitions of Photeon Technologies IVR and Synopsys’ ARC Processor IP businesses, expanding capabilities in power delivery and RISC-V solutions
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for GLOBALFOUNDRIES Inc. is $80.00, about 53.8% above its August 4 closing price of $52.02
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 33 three months ago
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