"The note starts off by cutting Intel's share price target by an eye-watering 14.5% as Morgan Stanley drops its value estimation of the chipmaker to $47/share from an earlier $55/share. It then proceeds to provide several reasons behind the decision..."
https://wccftech.com/intel-slashed-by-morgan-stanley-in-sizzling-note-doubting-near-term-performance/
This is what happens when you hire a bunch of negative value Indians.
Seriously short term performance, Intel is well on the IBM trail of it even around in 15 years it will be a unrecognizable shell of itself.
Anyone think they will have leadership technology, or be known for manufacturing excellence, maybe still doing x86 just like IBM does mainframes.
Hey mainframes are still around, they are movers shakers that IBM, that is your Intel in 10 years
Well it hit $47 already like the day this note came out. The Morgan Stanley guy didn't really go out on a limb. The upside being $55 wasn't a huge drop in valuation either. INTC has been dead money for 20 years since the dot com bust. Think about that. Operating profit, margins has been trending down the past few years and Intel wants to beg Uncle Sam/Biden for money to build out fabs to pump out chips with nodes 2 generations behind TSMC. Sounds like a winner to me!
Intel is so fu(ked