Goldman Sachs Maintains Sell on Intel, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Sell rating on Intel Corporation (NASDAQ:INTC) but increased the price target from $34 to $39.
January 26, 2024 | 2:41 pm
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Goldman Sachs reaffirms Sell rating on Intel but raises price target from $34 to $39, indicating a potential downside risk but with a slightly improved outlook.
The reaffirmation of a Sell rating suggests that Goldman Sachs believes Intel's stock may not perform well in the near term. However, the increase in the price target implies a less negative outlook than before, which could lead to mixed reactions in the market. Investors may view the raised target as a sign of some positive developments, but the Sell rating still indicates caution. The impact on the stock price is likely to be negative in the short term, as the Sell rating will weigh more heavily on investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100