This article first appeared on GuruFocus.
Sep 29 – Intel (NASDAQ:INTC) slipped about 3% in Monday trading after Deutsche Bank raised its price target to $30 from $23, according to a Deutsche Bank research note.
The bank’s upgrade reflects what the analyst described as recent steps the company has taken to shore up its balance sheet. The note cites strategic moves that aim to position Intel more competitively amid a fast-evolving chip market.
Investors reacted quickly, trimming positions as traders digested the new target and reconsidered near-term expectations. The pullback comes as chipmakers face mixed signals: strong demand in some segments and margin pressure in others.
Analysts expect close attention on Intel’s capital allocation and any updates on partnerships or investments that could affect cash flow and competitiveness.
now, the price-target boost signals growing analyst confidence, while the stock’s drop shows traders remain cautious about timing and execution.