In a report released today, Ruben Roy from Stifel Nicolaus maintained a Hold rating on Intel (INTC – Research Report), with a price target of $21.00.
Ruben Roy has given his Hold rating due to a combination of factors related to Intel’s current strategic positioning and future potential. The recent keynote by Intel’s CEO, Lip Bu Tan, highlighted several priorities aimed at revitalizing the company, including addressing the loss of engineering talent and focusing on the data center and AI product segments. While these initiatives are promising, the execution risks remain, particularly as Intel navigates leadership changes and aims to improve its Foundry business.
Additionally, the planned expansion into new product verticals and the emphasis on purpose-built silicon suggest potential growth avenues, but these strategies will take time to materialize. The upcoming Intel Direct Connect event is expected to provide more clarity on the Foundry turnaround strategy, which is crucial for Intel’s future success. Given these uncertainties and the need for further details, Ruben Roy’s Hold rating reflects a cautious optimism about Intel’s ability to achieve its ambitious goals.
Roy covers the Technology sector, focusing on stocks such as Nvidia, Celestica, and Intel. According to TipRanks, Roy has an average return of 14.3% and a 58.60% success rate on recommended stocks.
In another report released today, Bernstein also maintained a Hold rating on the stock with a $25.00 price target.