Intel shares rise 6.3% in premarket trading following Goldman Sachs’ Neutral rating and $150 price target initiation.
Goldman Sachs initiated coverage on Intel (INTC) with a Neutral rating and a $150 price target. The move drew attention to the chipmaker amid broader market activity.
Shares of Intel climbed 6.3% in premarket trading, supported by stronger-than-expected results from Micron (MU). The rating reflects expectations for Intel’s performance in the near term.
No immediate market reaction beyond the premarket gain was detailed in the report.