Intel Corporation (INTC) Receives Price Target

Intel Corporation (INTC) : The highest short term price target forecast on Intel Corporation (INTC) is $45 and the lowest target price is $30. A total of 27 equity analysts are currently covering the company. The average price of all the analysts is $37.52 with a standard deviation of $3.53.

Intel Corporation (INTC) : 18 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 31 Wall Street Analysts endorse the stock as a Buy with a rating of 1.95.


Also, Major Brokerage house, Nomura maintains its ratings on Intel Corporation (NASDAQ:INTC). In the latest research report, Nomura raises the target price from $35 per share to $38 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 2, 2016.

Intel Corporation (NASDAQ:INTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.99 and $35.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.02, notching a gain of 0.36% for the day. The total traded volume was 18,925,769 . The stock had closed at $35.89 on the previous day.

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.

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