Intel faces changes with new CEO Lip-Bu Tan leading the company. Analyst C.J. Muse cut his target price from $29 to $20 but keeps a Neutral rating. Intel will report earnings next week, which will show how things are going under fresh leadership. Muse expects regular results but weaker guidance because of market problems. The company might use this chance to reset expectations.
The new CEO only started recently, making it hard to predict what will happen next. Intel probably won't give full-year forecasts because everything seems uncertain right now. Good news might come from job cuts, their upcoming Foundry Day event, or possible partnerships. TSMC already said no to working together despite earlier rumors about managing Intel factories.
Cantor Fitzgerald still values Intel at $26 per share based on product sales and other business segments. They believe Intel could go up from here, but face difficult challenges ahead. The stock has fallen about 8 percent since January. Shares dropped slightly during early trading today.
The new CEO only started recently, making it hard to predict what will happen next. Intel probably won't give full-year forecasts because everything seems uncertain right now. Good news might come from job cuts, their upcoming Foundry Day event, or possible partnerships. TSMC already said no to working together despite earlier rumors about managing Intel factories.
Cantor Fitzgerald still values Intel at $26 per share based on product sales and other business segments. They believe Intel could go up from here, but face difficult challenges ahead. The stock has fallen about 8 percent since January. Shares dropped slightly during early trading today.
