Intel Stock Price Target Raised to $30 Amid Strategic Moves and Foundry Expansion
Intel’s recent headlines make the firm appear to be finally in charge of its own narrative, but maybe investors need to read between the lines. The increase in price target by Deutsche Bank to $30 is an indication of careful optimism rather than utter faith. Intel’s “aggressive pursuit” to reestablish its balance sheet illustrates that the firm is aware it has some catching up to do.
With equity advancements from both the U.S government and Nvidia, and with the eviction of Altera, Intel appears to be using every strategic trick in an attempt to get relevant again. While these steps sound good, they also suggest a company who is still in its restoration mode, someone who is doing it all for survival.
Intel’s plan seems to be a…
