Intel (INTC) PT Lowered to $44 at Goldman Sachs

October 22, 2021 6:26 AM EDT
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Price: $36.34 -2.86%

Rating Summary:
    22 Buy, 24 Hold, 12 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Goldman Sachs analyst Toshiya Hari lowered the price target on Intel (NASDAQ: INTC) to $44.00 (from $51.00) while maintaining a Sell rating.

  • "It is increasingly clear that Intel's intended path to process node parity/leadership will require higher levels of capex and entail an extended period of deflated margins and FCF"
  • reduce CY2021/22/23 non-GAAP EPS estimates by 9%, on average

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