GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?
GlobalFoundries NASDAQ: GFS stock hit bottom in early Q2 2025, and a rebound is coming. The protracted downtrend and move to long-term lows were driven by a sustained contraction in business that is now over. The rebound can begin because the company’s Q1 results reveal a return to growth and a forecast for acceleration. How high can it go in the near, mid, and long term? The initial analyst's reaction is a tepid response from a single firm, lowering the price target to near early May trading levels. Howeve ...