GlobalFoundries (NASDAQ: GFS) stock hit bottom in early Q2 2025, and a rebound is coming. The protracted downtrend and move to long-term lows were driven by a sustained contraction in business that is now over. The rebound can begin because the company’s Q1 results reveal a return to growth and a forecast for acceleration.
How high can it go in the near, mid, and long term? The initial analyst's reaction is a tepid response from a single firm, lowering the price target to near early May trading levels. However, the broader consensus implies a more robust move to the $48 level that could be achieved by mid-2026.
