Intel price target raised to $23 from $22 at Mizuho

Mizuho raised the firm’s price target on Intel (INTC) to $23 from $22 and keeps a Neutral rating on the shares. The company reported a “better than feared” quarter, but server foundry challenges remain, the analyst tells investors in a research note. The firm says that while near-term PC trends are better, Intel will likely continue to lose Server share in 2025, while foundry revenues remain challenging, and in 2026 “could be still a show-me story given a competitive landscape.”