Intel Corporation (INTC) : 19 brokerage houses believe that Intel Corporation (INTC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Intel Corporation (INTC). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 32 Wall Street Analysts endorse the stock as a Buy with a rating of 1.92.
Intel Corporation (INTC) : 29 Wall Street analysts covering Intel Corporation (INTC) believe that the average level the stock could reach for the short term is $37.48. The maximum price target given is $45 and the minimum target for short term is around $30, hence the standard deviation is calculated at $3.45.
For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse maintains its rating on Intel Corporation (NASDAQ:INTC). The global brokerage major maintains a current price target of $40 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on July 21, 2016.
Intel Corporation (NASDAQ:INTC): The stock opened at $34.10 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.28 for the day. The stock traded down to $33.99 during the day, due to lack of any buying support eventually closed down at $34.25 with a loss of -0.90% for the day. The stock had closed at $34.56 on the previous day. The total traded volume was 18,388,764 shares.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.