Goldman Sachs Initiates Intel (INTC) Coverage with $150 Target

AI Summary

Goldman Sachs analyst James Schneider initiated coverage of Intel (INTC) with a Neutral rating and a price target of $150, suggesting a 12% upside. The firm expects Intel to benefit from rising server demand related to agentic AI, while also noting balanced risk/reward. In contrast, BofA raised its Intel price target to $160 from $135, supported by a forecast increase in the semiconductor industry's addressable market to $2.7 trillion by 2030. Mizuho also updated its Intel target to $135, highlighting long-term market share potential.