Intel Stock Rises Despite Broader Decline as UBS Analyst Sees Foundry Potential
• Intel's stock price rose nearly 1% on Monday while the broader market declined, thanks to a price target increase by UBS analyst Timothy Arcuri • Arcuri raised his Intel price target by $4 to $50 per share, but maintained his neutral rating on the stock • The price target update is due to Intel's new financial reporting for its Intel Foundry business, which Arcuri believes shows more revenue/margin potential • However, Arcuri is still neutral on Intel due to concerns about its competitiveness in high-growth areas like AI • On average, analysts forecast double-digit revenue growth for Intel over the next few years and a big jump in earnings per share