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 29, 2024 | 3:32 pm
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Goldman Sachs maintains a Sell rating on Intel but raises the price target from $34 to $39, indicating a potential downside risk but with a slightly improved outlook.
The maintenance 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 could imply that the downside risk has slightly decreased or that there are some positive factors that could provide a cushion to the stock price. Investors may view this as a cautious but slightly more optimistic stance on the company's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100