Stifel Raises PT on Intel (INTC)

Intel Corporation (NASDAQ:INTC) ranks 4th among our Best Quantum Computing Stocks to buy and Hold Forever. The company ranks among quantum  stocks due to its bet on silicon spin qubits, a technology that leverages Intel’s existing chip manufacturing expertise rather than requiring entirely new fabrication methods.

​Recently, on July 10, Stifel raised the price target on Intel Corporation (NASDAQ:INTC) from $75 to $120, while maintaining a Hold rating on the shares. The firm noted that they expect the company’s upcoming results to be in line with or modestly above expectations. The firm flagged risk around longer-term commentary on CPUs and GPUs, given how elevated expectations already are.

​Stifel noted that the stock’s movement is likely to be dependent on end-demand signals, particularly server CPU average selling prices and volumes. Moreover, supply-side commentary on GPU yields and volumes will also matter, since these are key to driving improvement at Intel’s Foundry business. Lastly, the firm noted that with Intel’s turnaround now underway, margins and earnings should face less downside pressure over the next few quarters compared to prior periods.

Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.

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