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Intel Stock Dips Amid Analyst Caution After September Rally
Intel Stock Dips Amid Analyst Caution After September Rally
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BTCCSquare news:
Intel shares retreated as much as 5% on Monday, paring losses to 3.2% by midday. The pullback follows a sharp September rally driven by policy Optimism and partnership announcements, lacking any new company-specific catalysts.
Raymond James maintained a hold rating with a $30 price target, below current trading levels—prompting profit-taking after the stock's recent surge. Valuation multiples have expanded, with price-to-sales reaching 3x compared to 1.8x a year ago, though bulls argue this reflects turnaround potential in chip manufacturing and foundry strategy execution.
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