Intel (INTC) CEO: Foundry services will achieve breakeven operating margins by around 2027

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Go back to Intel (INTC) CEO: Foundry services will achieve breakeven operating margins by around 2027

Stifel Shares Preference for Nvidia (NVDA) and AMD (AMD) over Intel (INTC) in the 'nearer-term' as AI Beneficiaries

April 3, 2024 6:08 AM EDT

Stifel analyst Ruben Roy reiterated a Hold rating and $45.00 price target on Intel (NASDAQ: INTC).

The analyst comments "INTC outlined its new financial reporting structure based on the companys previously announced plans to move from an allocated cost model to a new foundry... More

Wolfe Research on Intel (INTC): 'startup costs and outsourcing will weigh on margins through CY25'

April 3, 2024 6:04 AM EDT

Wolfe Research analyst Chris Caso reiterated an Underperform rating and $31.00 price target on Intel (NASDAQ: INTC)

The analyst comments "Nearer term, startup costs and outsourcing will weigh on margins through CY25. Management comments suggested that while startup costs peak in CY24... More

BofA Securities Mixed on Intel (INTC) as 'competition remains key threat'

April 3, 2024 5:51 AM EDT

BofA Securities analyst Vivek Arya reiterated a Neutral rating and $50.00 price target on Intel (NASDAQ: INTC).

The analyst comments "INTC remains a strategically/geopolitically critical asset and appears to be catching up in manufacturing. Indeed a 5-7% topline growth CAGR with 35-40%... More