Intel (INTC) Shares Rise 3% on Bullish Analyst Ratings, Targeting 33% Upside
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Analyst Rating Boost: Seaport Research Partners issued a buy rating on Intel's stock on Tuesday, projecting a price increase of over 33% to $65 per share, thereby enhancing market confidence and potentially attracting more investors.
- New Product Growth: Intel's new Panther Lake processors are expected to help the company regain market share in both corporate and consumer sectors, with PC manufacturers optimistic about the performance of the chipmaker's latest offerings, which will further drive sales growth.
- Surge in AI Demand: HSBC analyst Frank Lee is optimistic about Intel's prospects, forecasting a return to growth in server-related sales driven by an impending boom in artificial intelligence, which is expected to exceed Wall Street's projections of 4% to 6% growth by 2026.
- Positive Market Reaction: Intel's stock rose over 3% on Tuesday, peaking at a 7% increase during the day, reflecting heightened investor confidence in the company's future performance, which may enhance its competitiveness in the semiconductor industry.
Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTC is 39.30 USD with a low forecast of 20.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 46.960
Low
20.00
Averages
39.30
High
52.00
Current: 46.960
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
