Wedbush on Thursday increased its 12-month price target for GlobalFoundries Inc. (NASDAQ:GFS) to $50.00 from $40.00, while leaving its formal rating at Neutral. The move comes as GlobalFoundries shares trade near their 52-week peak, with the stock quoted at $48.74, having climbed roughly 19% over the last week toward a 52-week high of $48.88.
The firm attributed the revision to two principal developments. Wedbush analyst Matt Bryson pointed to a recent improvement in standard mature foundry conditions and to the scale of potential growth in AI-related markets such as power and networking. Bryson cited technology transitions in datacenter AI along with markets tied to silicon photonics, satellites, and so-called physical AI as areas that could meaningfully benefit GlobalFoundries.
According to Wedbush, those technology transitions could produce both cyclical and longer-term secular tailwinds for GlobalFoundries and for the mature foundry segment more broadly. The analyst view marks a reassessment after the firm had downgraded GlobalFoundries at the end of the prior quarter, reflecting a recognition that market conditions examined subsequently appear more constructive than previously assessed.
Market data referenced alongside the analyst update underscores the company’s recent operational momentum. InvestingPro data cited by the research note shows GlobalFoundries with a robust current ratio of 2.62 and a balance sheet that contains more cash than debt. Street consensus also indicates an expected return to profitability for the year, with analysts forecasting earnings per share of $1.65.
Those fundamentals were reinforced by the company’s fourth-quarter 2025 results, which outpaced forecasts. GlobalFoundries reported EPS of $0.55 for the quarter, beating a consensus estimate of $0.48 by 14.58%. Quarterly revenue was $1.83 billion, slightly above the anticipated $1.8 billion.
Other broker activity mirrors some of Wedbush’s optimism on select end markets. Baird raised its price target on GlobalFoundries to $60 from $40 and retained an Outperform rating. In its update Baird highlighted silicon photonics, satellite applications, and optical networking as meaningful revenue drivers for the current year and the medium term, and it pointed to continuing momentum in automotive where GlobalFoundries is reported to be gaining share and content.
This combination of analyst revisions, recent quarterly outperformance, and cited technology transitions frames the case being made by some sell-side firms: improving mature-foundry conditions plus growth tied to AI-adjacent segments could support both cyclical recovery and longer-term expansion for GlobalFoundries. At the same time, the maintained Neutral rating from Wedbush reflects a cautious stance on valuation and near-term upside relative to the stock’s price.