TD Cowen Rates GLOBALFOUNDRIES (GFS) Buy, $75 Price Target

TD Cowen has reiterated its Buy rating on GLOBALFOUNDRIES with a $75 price target, a 59.91% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:17 PM EDT

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TD Cowen rated GLOBALFOUNDRIES Inc. ($GFS) "Buy" with a $75 price target on October 15, 2026.

Since the rating, $GFS is down 4.3% to date (from the $48.76 close on Oct 15, 2026).

GFS GLOBALFOUNDRIES Inc.

$46.68 +27.12% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its Buy rating on GLOBALFOUNDRIES Inc. (GFS) on October 15, 2026, maintaining a target price of $75.
TD Cowen's $75 price target implies 59.91% upside from GLOBALFOUNDRIES Inc.'s ($GFS) current $46.90 share price.
The stock is currently trading at $46.90, down from a prior close of $48.94, indicating it is well below the analyst target.
Analysts have varied opinions on GFS, with a consensus target mean price of about $74.68 from 22 analysts.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated GLOBALFOUNDRIES Inc. alert may contain errors. Disclosures

TD Cowen has reiterated its Buy rating on GLOBALFOUNDRIES Inc. (GFS) with a price target of $75. This announcement came on October 15, 2026, as the stock trades at $46.90, down from its previous close of $48.94. The firm believes the company's outlook remains strong despite the recent price drop.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return +2.77% hypothetical

All-time return +2.77% S&P 500 +0.39%

vs. S&P 500 +2.38% ahead of the index

Hypothetical returns from TD Cowen's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in GLOBALFOUNDRIES

Mubadala Investment Co PJSC trimmed its holdings by 23,479,453 shares, leaving it with 399,573,756 shares valued at about $18.83 billion. FMR, LLC increased its stake by 5,790,805 shares, bringing its total to 69,848,379 shares worth approximately $3.29 billion. JPMorgan Chase & Co added 1,688,085 shares, increasing its position to 6,755,889 shares valued at about $318.34 million. Meanwhile, Marshall Wace LLP reduced its holdings by 469,798 shares for a total of 4,581,796 shares worth around $215.89 million, while Price (T. Rowe) Associates Inc. added 3,921,799 shares, now holding 3,985,630 shares valued at about $187.80 million.

GLOBALFOUNDRIES Inc. Stock Down 4.2%

As of today, GLOBALFOUNDRIES is trading at $46.90. This price is significantly below its 52-week high of $92.55, indicating potential volatility in its stock price. The current trading price is also below the 50-day moving average of $47.77.

12-month forecast

$GFS price target

GLOBALFOUNDRIES Inc. daily closes and this analyst's $75 target. Not advice.

Recent Earnings

In its latest financial report, GLOBALFOUNDRIES posted revenue of $6.94 billion, reflecting a revenue growth of 5.8%. The earnings per share (EPS) were $1.28, and the company reported a net margin of 10.3%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at GLOBALFOUNDRIES Inc.

Recent insider transactions included Raman Pradheepa, an officer who sold 2,145 shares on September 28, 2026, at an average price of $48.83, totaling about $104,740. Azar Samak L also sold shares on multiple occasions: 335 shares on September 10, 2026, for $15,018, 335 shares on September 3, 2026, for $14,485, and another 335 shares on August 27, 2026, for $15,661 at prices ranging from $43.24 to $46.75.

Analysts Set New Price Targets

On October 15, 2026, along with TD Cowen's reiteration of a Buy rating and a $75 price target, Wedbush also reaffirmed a Neutral rating with a target of $72.00. Stifel initiated coverage with a Buy rating and a $60.00 target on September 2, 2026. The consensus among 22 analysts suggests a mean price target of about $74.68.

About GLOBALFOUNDRIES

GLOBALFOUNDRIES Inc. is a semiconductor foundry providing a variety of wafer fabrication services and technologies globally. The company specializes in producing semiconductor devices like microprocessors and mobile application processors, catering to various industries including telecommunications and computing.

Bottom Line

Investors should keep an eye on the upcoming earnings report on November 4, 2026, to gauge the company's performance. The recent analyst calls reflect confidence in GLOBALFOUNDRIES despite its current stock price being below the target estimates. Remember, this data is from TD Cowen's latest call and may not represent the current market view.