Cantor Fitzgerald raised the firm’s price target on Intel (INTC) to $29 from $22 and keeps a Neutral rating on the shares. Intel’s situation is “extraordinariy complex,” but Cantor believes news reports that suggest a split of DesignCo/Intel Foundry Services is a done deal, the analyst tells investors in a research note. The firm believes TSMC (TSM) will agree to participate, but only under specific conditions that are net positive for them. Cantor views the joint venture TSMC agreed to with Bosch, Infineon (IFNNY), and NXPI (NXPI) as the most likely blueprint for what a TSMC venture might look like.
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Read More on INTC:
- Complex Challenges and Strategic Risks: A Sell Recommendation for Intel Amid Potential Breakup and Market Pressures
- Wells skeptical, would consider a potential Intel separation/sale as positive
- QQQ ETF News, 2/17/2025
- Broadcom, TSMC weigh possible deals that would break up Intel, WSJ reports
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