INTC Initiated Neutral
Goldman Sachs initiates coverage of Intel with a Neutral rating and $150 price target
INTC initiated with a Neutral at Goldman Sachs Goldman Sachs analyst James Schneider initiated coverage of Intel with a Neutral rating and $150 price target, which represents 12% upside. The firm expects Intel to benefit from rising server demand driven by agentic AI. S. "champion" with its foundry business and longer-term potential in wafer outsourcing.
However, Intel's closest peers, like AMD and Nvidia, have better revenue visibility and offer more compelling opportunities at a better valuation, the analyst tells investors in a research note. Goldman sees a relatively balanced risk/reward at current share levels.