Intel Targets News Today

Analyst maintains Intel with Neutral rating and $42 price target, noting improved laptop CPU share due to Meteor Lake and Raptor Lake refresh, while AMD lacks new CPU. Intel also gained desktop CPU share, and aftermarket retail GPU prices increased. Intel aims for 60% gross margin and 40% operating margin, while Foundry targets 40% gross margin and 30% operating margin long-term, with near-term operating margin at -37%. Focus is on product roadmap execution and margin improvement in Foundry busi...

Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives.