Raymond James Intel · INTC

Raymond James Reiterates Market Perform on Intel

Analyst: Simon Leopold 1 min read Reproduced verbatim
Rating
Market Perform
Unchanged
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What the analyst said

Raymond James analyst Simon Leopold reiterated a Market Perform rating on Intel (NASDAQ: INTC).

“We maintain our Market Perform rating on Intel and adjusted our model to reflect the recent repurchase of the remaining 49% stake in the Fab 34, as well as to alter our assumptions regarding the product mix following our recent checks from our Asia trip that implies weaker PCs, offset by better Data Center and AI.

We also discuss the potential from the Elon Musk companies and Terafab.

The shares are up nearly 80% YTD, and we think the appreciation reflects a combination of fundamental improvement and speculation regarding new opportunities.”

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Track record

Firm track recordRaymond James: 73% of its 11 targets at least a year old were reached within 12 months. Accuracy ranking →

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Other analysts on Intel

BarclaysHold Cut price target −25%, kept rating Nov 2 $75from $100 Freedom BrokerHold Downgraded, cut price target −10% Oct 30 $90from $100 TD CowenHold Cut price target −21%, kept rating Oct 30 $75from $95 JP MorganHold Cut price target −6%, kept rating Oct 30 $80from $85 RBC CapitalHold Cut price target −25%, kept rating Oct 30 $75from $100
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