GlobalFoundries Reports First Quarter 2022 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/28/2026
- S&P 500 ends lower; chips tumble and Moderna rallies
- SpaceX weighs Starlink mobile service to US consumers, FT reports
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
- Morgan Stanley flags Fed hike risk if unemployment drops below 4%
- UBS trims AI portfolio exposure to semis and hardware after recent rally
GlobalFoundries Inc. (GFS) PT Lowered to $70 at Needham & Company
May 11, 2022 8:11 AM EDTNeedham & Company analyst Rajvindra Gill lowered the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $70.00 (from $87.00) while maintaining a Buy rating.
The analyst commented, "GFS posted its third robust beat and raise quarter since going public last October. Impressive metrics included record... More

