Stock Track | GlobalFoundries Soars 5.21% in Pre-Market on Analyst Upgrades and Price Target Increases

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GLOBALFOUNDRIES Inc. (GFS) saw its stock price soar 5.21% in pre-market trading.

The surge appears driven by positive analyst actions, including Cantor Fitzgerald upgrading the stock to Overweight from Neutral and significantly raising its price target from $50 to $80. Additionally, Morgan Stanley increased its price target on GlobalFoundries to $58 from $47.

These upgrades and target price hikes signal strong analyst conviction in the company's prospects, particularly ahead of its upcoming earnings report.

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(GFS) saw its stock price soar 5.21% in pre-market trading.</p><p>The surge appears driven by positive analyst actions, including Cantor Fitzgerald upgrading the stock to Overweight from Neutral and significantly raising its price target from $50 to $80. 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