- Tigress Financial analyst Ivan Feinseth raised the price target on Intel Corp INTC to $72 from $68 and reiterated a Buy. The price target implies an upside of 35.5%.
- Related Content: CES 2022: Intel Achieves Major Milestones Across Automotive, PCs and Graphics
- Intel's France, Germany, Italy Plans: All You Need To Know
- Feinseth noted Intel's ongoing investment in processor development would increase industry competitiveness.
- Further, the announced initial public offering of Mobileye creates a "significant upside catalyst" for the shares.
- Price Action: INTC shares traded lower by 0.08% at $53.14 in the premarket session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
