Intel Analysts Shift Perspectives
Intel (NASDAQ: INTC) is gaining renewed optimism among analysts after years of struggle, bolstered by high-profile deals and a growing demand for server CPUs. Earlier this week, KeyBanc upgraded Intel’s stock to “buy” with a price target of $60, citing strong momentum in its foundry business and anticipated increases in production yield for its Intel 18A process, which is now in production.
Citigroup analyst Atif Malik has upgraded Intel from “sell” to “hold,” setting a price target of $50. Malik identifies potential growth through Intel’s foundry segment, driven by a shortage of advanced packaging capacity at competitors and government investments encouraging business partnerships. However, concerns remain regarding Intel’s CPU market share, particularly against AMD and Qualcomm, as well as rising memory chip prices affecting overall PC demand.
