Evercore ISI Raises its Price Target on GLOBALFOUNDRIES (GFS)

On May 19, 2026, Evercore ISI raised the firm’s terms people connected GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $85 from $58 and kept an Outperform standing connected the shares. Following a caller circular of Q1 AI transmission checks, the steadfast said cardinal themes included a displacement from AI training-driven workloads toward inference-driven workloads by the extremity of 2026. Evercore added that the modulation is expanding absorption connected cost-per-token, instrumentality connected investment, and full outgo of ownership, which is driving greater hyperscaler involvement successful internally developed ASICs and alternate accelerators.

Susquehanna besides raised the firm’s terms people connected GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $125 from $100 and keeps a Positive standing connected the shares. The steadfast updated its estimates pursuing the company’s expert time and said the outlook is being supported by improving fundamentals, with communications infrastructure, including silicon photonics, emerging arsenic a cardinal maturation driver.

Photo by JESHOOTS.COM connected Unsplash

Earlier successful May, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) reported Q1 EPS of 40c, versus the statement estimation of 35c. Revenue totaled $1.64B, versus the statement estimation of $1.63B. CEO Tim Breen said the institution delivered beardown first-quarter results, with each non-IFRS profitability metrics astatine oregon supra the precocious extremity of guidance ranges. Breen added that execution crossed the company’s planetary operations and continued absorption connected lawsuit transportation helped thrust advancement successful secular maturation markets wherever the company’s differentiated technologies are gaining stock and supporting semipermanent worth creation.

GLOBALFOUNDRIES Inc. (NASDAQ:GFS) provides semiconductor foundry services and wafer fabrication technologies crossed the United States, Europe, the Middle East, Africa, and planetary markets.

While we admit the imaginable of GFS arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.