Intel Stock (INTC) Gets Price Target Lift on Strategic Moves and Foundry Expansion

Intel Corporation (NASDAQ:INTC) is one of the AI Stocks Investors Are Watching Closely. On September 29, Deutsche Bank reiterated the stock as “Hold” and raised its price target to $30 per share from $23.

Intel has had a busy month lately, from multiple equity raises involving the U.S. government and Nvidia, collaborations with Nvidia, the divestiture of Altera, and macro-related impacts such as tariffs and trade restrictions.

Discussing these events, the analysts noted that the company’s recent actions are reflective of an “aggressive pursuit” to strengthen its balance sheet at all costs.

Photo by Christian Wiediger on Unsplash

Deutsche Bank is supportive of these moves, stating that Intel exists in a period of high investment for both its product roadmap and continued development of Foundry Services.

“INTC has had a busy month in the news, with multiple equity raises (USG, NVDA, etc.), collaborations (NVDA), divestitures (Altera), and macro related impacts (tariffs and trade restrictions) all acting as event driven catalysts for the stock”

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer products and technologies, delivering data storage, computer, networking, and communications platforms.

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