Analyst Amanda Tan of DBS maintained a Hold rating on Intel (INTC – Research Report), retaining the price target of $22.00.
Amanda Tan has given her Hold rating due to a combination of factors affecting Intel’s current and future performance. Intel’s efforts to regain its technology leadership are evident through its ambitious roadmap, which includes delivering five new process nodes by 2025. However, the company faces significant challenges, including delays in product launches and increased competition from AMD, which have resulted in a loss of market share.
Despite Intel’s strategic initiatives like the IDM 2.0 strategy and its focus on becoming a major foundry player, the near-term outlook is clouded by margin pressures and operational losses, particularly in its Foundry division. The company’s financial performance is expected to remain under pressure until it achieves breakeven at the operating level by 2027. Amanda Tan’s Hold rating reflects the belief that while Intel is making progress, there are still substantial hurdles to overcome before it can achieve sustained profitability and regain its competitive edge.
In another report released on March 3, Bernstein also maintained a Hold rating on the stock with a $25.00 price target.