Goldman Sachs Initiates Intel (INTC) Coverage with $150 Target
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGoldman Sachs analyst James Schneider initiated coverage of Intel (INTC) with a Neutral rating and a price target of $150, suggesting a 12% upside. The firm expects Intel to benefit from rising server demand related to agentic AI, while also noting balanced risk/reward. In contrast, BofA raised its Intel price target to $160 from $135, supported by a forecast increase in the semiconductor industry's addressable market to $2.7 trillion by 2030. Mizuho also updated its Intel target to $135, highlighting long-term market share potential.
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About Intel Corporation (INTC)
Intel is a foundational semiconductor company that designs and manufactures CPUs for PCs and servers and is investing to rebuild its chip-foundry business.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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