B of A Securities Raises Rating on Intel Corporation $INTC
Key Points
- B of A Securities now rates Intel Corporation ($INTC) "buy" with a $135 target.
- B of A Securities's $135 price target implies 5.58% upside from Intel Corporation's ($INTC) current $127.86 share price.
- The Street's average $INTC price target is $114.88.
- $INTC last traded around $127.86.
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B of A Securities raised its rating on Intel Corporation ($INTC) to a "buy" rating in a recent research note and set a price target of $135, a 5.58% upside from the current price.
Intel Corporation Stock Up 42.9%
Shares of Intel Corporation ($INTC) traded around $127.86 on Saturday, up 42.9% for the day.
Intel Corporation Earnings
Analysts Set New Price Targets
About Intel Corporation
Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
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