Citi Upgrades Intel (INTC) to Neutral with $50 Price Target, Removes Micron (MU) from Focus List
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Intel Rating Upgrade: Citi upgraded Intel from Sell to Neutral with a $50 price target, believing it will benefit from advanced packaging tightness at Taiwan Semiconductor, enhancing its competitive position in the market.
- Government Support Opportunity: The analyst noted that Intel has a unique opportunity to attract foundry wafer customers with support from the U.S. government, expecting to first capture AI ASIC spillover demand, boosting backend business growth.
- Market Share Risks: Despite the positives, the analyst warned that Intel may lose CPU market share to AMD and Arm, while a potential softening in the PC market could lead to rising memory prices, impacting overall performance.
- Micron Removed from Focus List: Citi removed Micron from its U.S. Focus List, with the analyst stating that pricing momentum for dynamic random access memory is likely to decelerate in Q2, although a balanced supply-demand scenario is expected through 2026/27.
Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTC is 35.61 USD with a low forecast of 20.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
3 Buy
25 Hold
6 Sell
Hold
Current: 48.720
Low
20.00
Averages
35.61
High
52.00
Current: 48.720
Low
20.00
Averages
35.61
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
