INTC) launched its 11th-generation Tiger Lake mobile processor Wednesday, advertising it as the best CPU for laptops.” data-reactid=”19″ type=”text”>Intel Corporation (NASDAQ: INTC) launched its 11th-generation Tiger Lake mobile processor Wednesday, advertising it as the best CPU for laptops.
Rosenblatt Securities analyst Hans Mosesmann maintained a Sell rating with a $45 price target.
Fundamental architectural improvements enable “incredibly” high performance at low power, which is ideal for thin and light laptops, he said.
The integrated graphics suggest reasonably good gaming performance can now be achieved with thin and light notebooks, and not just on gaming laptops or desktop PCs, Twigg said.
These likely position the company to regain some share in laptops, the analyst said. Intel now has about an 80% share in the market for laptop processors, he said.
Intel also announced the Evo platform for ultralight laptops. The platform will consist of 11th-generation Intel Core, with impressive specifications, Twigg said.
product missteps, Intel continues to crank out impressive products and is well positioned for a likely decade-long expansion in compute markets, the analyst said.” data-reactid=”31″ type=”text”>Despite product missteps, Intel continues to crank out impressive products and is well positioned for a likely decade-long expansion in compute markets, the analyst said.
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The use of new Xe graphics is another strong attribute of the Tiger Lake processors, the analyst said.
The number of Tiger Lake designs Intel is working on is 150-plus, he said, adding that the number is modest for a player holding over 80% of the market.
Many of the designs may not launch until next year, Mosesmann said.
A fall launch for a mobile platform is suboptimal or odd given that notebook OEMs/ODMs historically are spring-focused, the analyst said. Most of the Tiger Lake adoption is a spring 2021 event, he said.
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Latest Ratings for INTC
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 2020 | BMO Capital | Maintains | Market Perform | |
| Jul 2020 | Morgan Stanley | Maintains | Equal-Weight | |
| Jul 2020 | Credit Suisse | Maintains | Outperform |