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- Shares of Intel Corporation (NASDAQ: INTC) received a price target of $ 85 from Baird. These are the details.
Shares of Intel Corporation (NASDAQ: INTC) received a price target of $ 85 from Baird. And Baird analyst Tristan Gerra reiterated an “outperformance” rating on the company.
There are reports that Intel has been in talks over the potential takeover of chipmaking company GlobalFoundries in a deal potentially valued at $ 30 billion. Currently, GlobalFoundries is owned by the investment arm of the Abu Dhabi government.
New Intel CEO Pat Gelsinger focused on getting Intel to expand its foundry operations and manufacture chips for other companies. And buying GlobalFoundries would give Intel more manufacturing capacity and a bigger customer base.
Baird analyst Tristan Gerra posted a note titled “High Stakes, High Rewards” on the potential deal. And Gerra thinks this deal would be a “good choice”.
Disclaimer: This content is intended for informational purposes. Before you make an investment, you need to do your own analysis.
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