Needham analyst Quinn Bolton has maintained their neutral stance on INTC stock, giving a Hold rating today.
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Quinn Bolton has given his Hold rating due to a combination of factors impacting Intel’s current and future performance. The company reported better-than-expected results but provided guidance that fell short of market expectations, primarily due to the challenges posed by tariffs, inflation, and trade issues. Intel appears to be more affected by these tariff-related headwinds compared to its competitors, which could be influencing its revenue projections.
Additionally, the new CEO, Lip-Bu Tan, has announced operational expenditure cuts aimed at reducing costs by approximately 17% from 2024 to 2026. While these cuts are a positive step, they do not account for the divestment of Altera, and the anticipated cultural changes under new management could lead to continued volatility. Given these uncertainties and the ongoing efforts to restructure and adapt, Bolton maintains a Hold rating, signaling a cautious approach as the company navigates these challenges.