Often, a change at the helm of a company heralds a transformative period, characterized by greater flux and heightened uncertainty. This is exactly how Cantor Fitzgerald’s star analyst, C.J. Muse, describes the state of affairs at Intel at the moment. To wit, Muse has now reduced his price target for Intel shares from $29 to $20, while maintaining an overall ‘Neutral’ rating. To start, Muse correctly points out that Intel’s Q1 2025 financial results, which are due next week, constitute the first such event under the nascent leadership of its new CEO, Lip-Bu Tan. As such, the analyst sees “little […]
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