Goldman Sachs analyst James Schneider keeps a Neutral rating on Intel (INTC) with a price target of $150 per share after its Q2 results. The analyst notes that the firm expects the stock to trade higher following a strong quarter and guidance driven by upside in data center and client segments, as well as significantly higher gross margins and positive commentary on supply agreements and CapEx. Investors were constructively positioned heading into the quarter, driven by near-term strength in Server CPUs, sustained momentum in advanced packaging, and signs of progress on its advanced foundry nodes, Goldman added.
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