Intel Shines at Citi Global Tech Conference Amidst China's Inconsistency
Portfolio Pulse from Anusuya Lahiri
At the Citi Global Technology Conference, Citi analyst Christopher Danely reiterated his neutral rating on Intel (INTC) with a price target of $34.00. He was positive about Intel's 3Q23 performance and expects server share to stabilize in 2024. However, he noted China's sluggish demand could impact 4Q23 guidance. Danely's top pick is Micron Technology (MU) due to a turnaround in DRAM pricing. Other buy-rated companies include ON Semiconductor (ON), Advanced Micro Devices (AMD), Analog Devices (ADI), and GlobalFoundries (GFS).
September 07, 2023 | 7:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Analog Devices' stock could see a positive impact due to the analyst's buy rating.
The analyst's buy rating could boost investor confidence and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Advanced Micro Devices' stock could see a positive impact due to the analyst's buy rating.
The analyst's buy rating could boost investor confidence and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
GlobalFoundries' stock could see a positive impact due to the analyst's buy rating.
The analyst's buy rating could boost investor confidence and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Micron Technology's stock could see a positive impact due to the analyst's top pick rating and turnaround in DRAM pricing.
The analyst's top pick rating and positive comments about a turnaround in DRAM pricing could boost investor confidence and positively impact the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
ON Semiconductor's stock could see a positive impact due to the analyst's buy rating.
The analyst's buy rating could boost investor confidence and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Intel's stock may see mixed impact due to positive 3Q23 performance but potential downside from China's sluggish demand.
The analyst's neutral rating and positive comments about Intel's 3Q23 performance could boost investor confidence. However, the potential downside from China's sluggish demand could negatively impact the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90