Intel Faces 'Show-Me' Reset with $45 DA Davidson Price Target
DA Davidson initiated coverage on Intel with a Neutral rating and $45 price target, warning current valuation reflects overly optimistic assumptions. Execution remains the key hurdle in Intel’s turnaround after twelve months of losses, though analysts forecast a return to profitability later this year.
1. DA Davidson Initiates Coverage
DA Davidson analyst Gil Luria initiated coverage on Intel with a Neutral rating and set a $45 price target, cautioning that the current share valuation reflects overly optimistic assumptions around growth and profitability.
2. Turnaround Challenges and Profit Outlook
Intel is executing one of the industry’s most complex turnarounds as it rebuilds leading-edge manufacturing and expands third-party foundry services. The company has logged twelve straight months of net losses, and investors are focused on proof of execution as analysts anticipate a return to profit by year-end.