Intel Corporation (INTC) : The consensus on Intel Corporation (INTC) based on 32 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 20 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Intel Corporation (INTC).
Intel Corporation (INTC) : 28 Wall Street analysts covering Intel Corporation (INTC) believe that the average level the stock could reach for the short term is $38.05. The maximum price target given is $45 and the minimum target for short term is around $30, hence the standard deviation is calculated at $3.51.
Also, Major Brokerage house, Evercore ISI Group upgrades its ratings on Intel Corporation (NASDAQ:INTC). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on September 6, 2016.
Intel Corporation (NASDAQ:INTC): After opening at $35.74, the stock dipped to an intraday low of $35.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $36.65 and the buying power remained strong till the end. The stock closed at $36.56 for the day, a gain of 2.64% for the day session. The total traded volume was 24,585,103. The stocks close on the previous trading day was $35.62.
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.