Stacy Rasgon, an analyst from Bernstein, maintained the Hold rating on Intel (INTC – Research Report). The associated price target remains the same with $25.00.
Stacy Rasgon has given his Hold rating due to a combination of factors surrounding Intel’s current business transformation and the challenges it faces. Intel’s Foundry business is undergoing a significant shift as it aims to meet its technology, operational, and financial goals while adopting a more customer-focused culture. However, there are concerns about Intel’s ability to implement TSMC processes, as well as the impact of recent leadership changes and potential company restructuring.
Despite optimism from Intel’s leadership about their technology roadmap and progress, there are acknowledged weaknesses in customer service and execution that need to be addressed. The company’s break-even targets are set for the end of 2027, with meaningful revenue growth expected towards the end of the decade. Rasgon’s Hold rating reflects the balance between Intel’s potential and the substantial challenges it must overcome, with new leadership showing a more realistic approach to these hurdles.
In another report released on February 24, DBS also maintained a Hold rating on the stock with a $22.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com