Mizuho Analyst Raises Intel Price Target but Flags Persistent Challenges
Mizuho analyst Vijay Rakesh increased Intel's price target to $39 from $23 while maintaining a Neutral rating, citing growth potential in advanced chip packaging and a new Nvidia CPU deal. The bullish adjustment reflects an estimated $1.5 billion annual revenue opportunity from packaging by 2026-2027 and a projected $4 billion yearly boost from Nvidia by 2029.
Despite these catalysts, Intel's Core struggles remain unresolved. The company continues losing server market share, lacks a defined AI strategy, and faces margin pressure from potential reliance on TSMC for its 18A process. Wall Street consensus aligns with Rakesh's cautious stance, maintaining a Hold rating as structural hurdles offset emerging opportunities.