Core Insights - GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is recognized as one of the 12 Best Tech Stocks that exceeded earnings estimates [1] - Analysts have raised price targets for GFS, indicating positive sentiment and expectations for future performance [2][3] Group 1: Analyst Ratings and Price Targets - UBS raised its price target on GFS to $50 from $45 while maintaining a Neutral rating, suggesting a transition year for the company as it shifts its end-market exposure [1][3] - TD Cowen analyst increased the price target to $56 from $42 and maintained a Buy rating, highlighting positive December quarter results and momentum in various sectors [2] - Baird analyst raised the price target to $60 from $40 and maintained an Outperform rating, describing GFS as a value play amid an ongoing upcycle with improving fundamentals [2] Group 2: Financial Performance - In Q4, GFS reported earnings per share (EPS) of $0.55, surpassing consensus estimates of $0.47, and revenue of $1.83 billion, exceeding the consensus of $1.8 billion [3] - CEO Tim Breen noted strong performance in Q4, with revenue, gross margin, operating margin, and EPS at or above the high end of guidance ranges [3] - Non-IFRS gross margin expanded by nearly 400 basis points year-over-year, indicating improved profitability [3] Group 3: Market Position and Trends - GFS operates as a semiconductor foundry providing mainstream wafer fabrication services and technologies globally [4] - The company is benefiting from trends such as AI Data Center growth, Physical AI, and on-shoring megatrends, which are enhancing its capabilities [3]