Goldman Sachs: Initiates Intel with Neutral Rating, Target Price $150

Odaily Planet Daily News Goldman Sachs released a research report, initiating coverage on Intel with a "Neutral" rating and a target price of $150. The bank expects Intel to benefit from rising demand for server CPUs driven by agentic AI, estimating that the GPU/CPU allocation ratio could gradually decrease from 2x to approximately 1.1x to 1.4x.

Goldman Sachs believes that as a leader in the US domestic wafer foundry industry, Intel's advanced packaging business will make near-term progress, with expected revenue reaching approximately $10 billion by 2030, and external wafer revenue reaching $11 billion by 2030. Goldman Sachs assesses that Intel's current risk/reward profile is relatively balanced, while AMD, NVIDIA, and Broadcom offer more attractive opportunities.