Goldman Sachs Initiates Intel at Neutral With $150 Price Target

Goldman Sachs has initiated coverage of Intel with a Neutral rating and a $150 price target.

Odaily reported on June 26 that the bank set the target in a recent report. Intel shares closed at $132.87 on June 25.

Goldman Sachs said Intel stands to benefit from rising demand for server central processing units as artificial intelligence adoption expands. The bank projects the GPU-to-CPU ratio in AI servers will gradually decline from about 2 times currently to 1.1 to 1.4 times. CPU demand could also increase as inference and agentic AI become more widespread.

Goldman Sachs also said Intel is a key company in the US foundry industry and could make near-term progress in advanced packaging. Revenue from that business may reach about $10 billion by 2030.

"Intel's risk-reward profile appears relatively balanced," Goldman Sachs wrote. "That said, Nvidia, AMD and Broadcom offer more attractive investment opportunities."