Intel Corporation shares ended last week sharply lower, as the chip giant’s Investor Day presentations left investors unimpressed. The Intel Analysts BofA Securities analyst Vivek Arya maintained an Underperform rating and $52 price target for Intel shares. Rosenblatt Securities analyst Hans Mosesmann maintained a Sell rating and $40 price target. Needham analyst Quinn Bolton kept a Buy rating and $60 price target. Jefferies analyst Mark Lipacis maintained a Hold rating and $48 price target. Raymond James analyst Chris Caso maintained an Underperform rating. BofA Says Intel’s Goals Tough to Achieve At the 2022 Analyst Day, Intel announced an “ambitious plan” to achieve two-times EPS growth through 2026 and better-than-expected financial targets, including 50 percent gross margin and over 20 percent free cash flow margins, Arya noted. The analyst said he is left unimpressed due to the following reasons: The company’s goal of achieving process leadership by 2025 assumes flawless execution on …
Intel Analysts See Turnaround Plans as Long-Drawn, Ambitious, and Investment-Heavy
February 22, 2022
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