Seaport Global analyst Jay Goldberg has maintained their neutral stance on INTC stock, giving a Hold rating on September 23.
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Jay Goldberg has given his Hold rating due to a combination of factors influencing Intel’s current market position. He perceives Intel as being on a precarious path with limited time to address the challenges facing their fabrication facilities. Despite these concerns, Goldberg acknowledges that in the short term, Intel’s stock could benefit from additional investments and potential interim solutions for their manufacturing issues.
While Goldberg has upgraded Intel’s rating from Sell to Neutral, he maintains a cautious outlook. This change reflects the immediate factors that could support the stock price, but he remains wary of the long-term strategic direction of the company. His analysis suggests a balanced view, recognizing both the potential short-term gains and the underlying risks that persist for Intel.
In another report released on September 23, Bernstein also maintained a Hold rating on the stock with a $21.00 price target.