Stifel Raises Intel Price Target to $65

Stifel analyst Ruben Roy raised the price target on Intel (NASDAQ: INTC) to $65.00 (from $42.00) while maintaining a Hold rating.

“INTC is a separate, longer-duration thesis: 18A yield progress and a Lip-Bu Tan-led foundry repositioning are noteworthy, but near-term gross margins anchored in the low-to-mid 30s% and a largely absent AI compute strategy (for now) continue to point us in the direction of opportunities elsewhere.”

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