Tiger Brokers

BUZZ-GlobalFoundries rises after Argus starts coverage with 'buy' rating

Reuters
Jul 01, 2025
BUZZ-GlobalFoundries rises after Argus starts coverage with 'buy' rating

** Shares of chip maker GlobalFoundries GFS.O up ~1.8% at $38.89

** Argus Research initiates coverage of GFS with "buy" rating; says GFS is positioned for multiple years of growth given the urgency to increase domestic semiconductor production as a national strategic priority

** "The company is also positioned to benefit from secular drivers including AI datacenter, robotics & autonomous, EV & hybrid powertrains, multi-cloud, and 5G & broadband, along with ongoing demand for traditional IT products," - Argus

** 11 of 20 brokerages rate the stock "buy" or higher, eight "hold" and one "sell"; their median PT is $41.50 - LSEG data

** Including session's moves, stock down ~9.7% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10