Intel (INTC) Stock Holds $21 Target as Truist Stays Cautious

Intel Corporation (NASDAQ:INTC) is one of the Trending AI Stocks on Wall Street.  On August 20, Truist Securities analyst William Stein reiterated a Hold rating on the stock with a $21.00 price target.

The firm remains a hold on the stock stating that despite having incremental capital, Intel has fundamental challenges that extend beyond financial resources.

It is unclear when or if, at all, Intel will be successful.

“Incremental capital helps, but INTC’s solution lies in culture, capabilities, & customers; We see INTC as still enduring through a turnaround phase. To achieve the objectives we outlined above has already taken time, and will take more time.”

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“If and when those objectives are satisfied, we would consider INTC as entering an execution phase. This will also take time. Because of the duration and uncertainty of INTC’s success, we reiterate our $21 PT and Hold rating.”

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries.

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