Intel (INTC) Price Target Cut to $21 by Wealth Manager

Bernstein SocGen, a wealth-management firm, lowered its price target on Intel (INTC) to $21 from $25 while keeping a Market Perform rating on the shares.

A Tale of Two Halves

Intel will benefit from increased purchases of computerized products in the first half of 2025 as consumers and businesses look to stockpile such offerings ahead of the imposition of tariffs on them, Bernstein believes.

But in the second half of the year, the dynamic is likely to reverse as the consumption of computers sinks sharply, the wealth-management firm warned.

Intel’s Other Challenges

Bernstein now expects PC sales will be flat this year, down from its previous projection of a slight increase.

Additionally, Intel is facing tough competition and margin pressures, according to the wealth-management firm. And of course, tariffs will ultimately negatively impact the demand for the end products that use Intel’s chips.

Finally, according to Bernstein, Intel will not benefit a great deal from the proliferation of AI.

The Recent Price Action of INTC Stock

 In the last month, the shares have fallen 20%, while they have retreated 11% in the last three months.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.