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.

Key Takeaways Intel shares added to recent gains Tuesday following a report last week that the company could be a takeover target. Rival chipmaker Broadcom is the most likely buyer, some analysts said,

Shares of Intel (INTC) have trailed the broader markets by a significant margin in recent years. In fact, Intel stock touched an all-time high during the dot-com boom and has burnt investor wealth for over two decades.

Shares of Intel (NASDAQ: INTC) 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.