Analysts have taken a neutral stance on three major technology companies: GlobalFoundries Inc (GFS), Workday (WDAY), and International Business Machines (IBM). Each received a Hold rating, signaling cautious optimism rather than strong bullish or bearish sentiment.
For GlobalFoundries Inc, J.P. Morgan analyst Harlan Sur maintained a Hold rating, with the stock closing at $48.94 last Wednesday. Sur, a top 25 analyst with a 41.7% average return, covers semiconductor and technology stocks. Despite his Hold rating, the broader analyst consensus suggests a Moderate Buy with an average price target of $73.81, implying a 54.2% upside. TipRanks also downgraded the stock to Hold with a $52.00 price target.
Workday received a Hold rating from Goldman Sachs analyst Gabriela Borges, who set a price target of $164.00. Workday’s shares closed at $188.77 last Wednesday. Borges, a 5-star analyst with a 14.4% average return, covers cloud and cybersecurity stocks. The overall analyst consensus for Workday is a Moderate Buy, with an average price target of $208.87, suggesting a 12.2% upside. Citi also maintained a Hold rating with a $201.00 price target.
International Business Machines (IBM) was given a Hold rating by Morgan Stanley analyst Erik Woodring, who set a price target of $190.00. IBM’s shares closed at $227.88 last Wednesday. Woodring, a 5-star analyst with a 24.9% average return, focuses on enterprise technology stocks. The analyst consensus for IBM is a Moderate Buy, with an average price target of $246.35, indicating a 6.6% upside. Truist Financial also initiated coverage with a Hold rating and a $240.00 price target.