Cantor keeps USD 90.00 target for GlobalFoundries stock

Published on 10/20/2026 at 19:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 5.80 percent. GlobalFoundries stock costs EUR 42.42 on October 20, 2026, up 2.36 percent versus the Tradegate close.

Analyst target and reporting date

Cantor Fitzgerald maintained a USD 90.00 target on October 15, 2026.
Second-quarter 2026 revenue reached USD 1.79 billion, up 5.80 percent year over year.
GlobalFoundries stock costs EUR 42.42 at Lang & Schwarz, up 2.36 percent versus the Tradegate close.
Third-quarter 2026 results are scheduled for November 4, 2026.

GFS, KYG393871085, Illustration mit AI erstellt.

GlobalFoundries (KYG393871085) is trading at EUR 42.42 at Lang & Schwarz on October 20, 2026 at 7:14 p.m. CEST, up 2.36 percent versus the Tradegate close of October 19, 2026 at EUR 41.44. Cantor Fitzgerald reiterated an Overweight rating and a USD 90.00 price target on October 15, 2026, according to Investing.com.

Revenue rose in the second quarter

GlobalFoundries reported USD 1.79 billion of revenue for the second quarter of 2026, up 5.80 percent from the same period a year earlier. The company reported net income attributable to common shareholders of USD 166.00 million and diluted earnings per share of USD 0.30 for that quarter. These figures are drawn from the company's investor-relations materials, which identify the period as the second quarter of 2026: GlobalFoundries.

Stock remains below its yearly high

The Nasdaq-listed stock was last quoted at USD 47.66 on October 20, 2026 at 1:21 p.m. ET. Its 52-week range was USD 32.02 to USD 92.55, while volume stood at 1,958,865 shares at that timestamp. The current level is 48.50 percent below the 52-week high, calculated in the same currency.

Valuation meets a November date

GlobalFoundries carried a market capitalization of USD 26.2 billion and a price-to-earnings ratio of 37.20 on October 20, 2026. The next scheduled reporting date is November 4, 2026, when the company plans to review third-quarter fiscal year 2026 results in an 8:30 a.m. EST conference call, according to GlobalFoundries.

What does the target imply?

Cantor Fitzgerald's USD 90.00 target is USD 42.34 above the Nasdaq quotation of USD 47.66, or 88.84 percent above it. The target and the euro quotation use different currencies, so the comparison remains in US dollars. The analyst action gives investors a measurable valuation marker before the November results.

Price and reporting date

The market picture combines a 2.36 percent rise in the euro quotation against the October 19 Tradegate close with a second-quarter revenue increase of 5.80 percent. The November 4 reporting date is the next company-specific calendar point.

GlobalFoundries was trading at EUR 42.42 at Lang & Schwarz on October 20, 2026 at 7:14 p.m. CEST, up 2.36 percent versus the Tradegate close of October 19, 2026 at EUR 41.44. The Nasdaq quotation was USD 47.66 on October 20, 2026 at 1:21 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of GlobalFoundries stock.