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GlobalFoundries price target raised to $50 from $40 at Wedbush
Wedbush has increased its price target for GlobalFoundries Inc. (NASDAQ:GFS) to $50 from $40, maintaining a Neutral rating on the stock. This adjustment is due to improving conditions in the mature foundry market and growth opportunities in AI-related sectors, including power and networking. GlobalFoundries recently exceeded market expectations in its Q4 2025 earnings report, and Baird also raised its price target to $60, citing strong revenue drivers such as silicon photonics and automotive segment momentum.