A Bernstein analyst recommends avoiding Intel’s stock as takeover rumors have the potential to drive a rally, though “it doesn’t feel like a long either.”
Shares of Intel were up more than 2% Tuesday afternoon, extending Friday gains that were powered in part by deal-related rumors.
As The Fly reports this morning, investment bank Citigroup trimmed its Intel price target from $22 to $21 per share, at the same time as HSBC upgraded the stock from reduce to hold.
Intel's takeover rumors, particularly involving Elon Musk, have altered its risk/reward profile. Click here to read an analysis of INTC stock now.
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Intel stock surged on rumors of a potential buyout involving Elon Musk, suggesting a 20%-30% premium. Click here to read more on the possible INTC buyout.
Key Takeaways Intel shares rose again Tuesday after surging more than 12% last week as investors bid up the stock following a strategic update and ongoing deal rumors.A bullish engulfing pattern has formed on the chart near the early-September low,
Recently exposed manifests reveal that Intel has begun shipping test samples of its next-generation server and desktop processors. While much about these upcoming CPUs remains uncertain,
The Intel Arc B580 has been touted as one of the better budget gaming GPUs on the market, but how does it stack up to Nvidia's RTX 4060?
Shipping records indicate that Intel's Nova Lake chips are currently undergoing validation (via x86deadandback at NBD). Nova Lake is the successor to Intel's Arrow Lake series of processors and is expected to debut in 2026-27.
Shares of Intel ( INTC 1.30%) were a massive disappointment in 2024. Multiple missteps culminated with the surprise retirement of CEO Pat Gelsinger late last year, and the company is now led by interim co-CEOs without a clear strategy. Investors are right to be skeptical of an Intel turnaround.