GlobalFoundries Gains Analyst Upgrade, Eyes Growth In Automotive And AI-Powered Data Centers

1. GlobalFoundries stock upgraded to 'Buy' with a $50 price target by Needham. 2. Q4 2024 revenue of $1.83 billion exceeded estimates, showing small decline. 3. EPS at 46 cents surpassed the consensus estimate of 44 cents. 4. Analyst forecasts return to growth in 2025, driven by strong Automotive demand. 5. Management targets 30% gross margin by late 2025 due to improved utilization.