A report released today by Nomura about Intel Corporation (NASDAQ:INTC) ups the target price to $42.00
- Updated: September 19, 2016
Boasting a price of $37.25, Intel Corporation (NASDAQ:INTC) traded 3.04% higher on the day. The last stock price is up 15.19% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same period. Intel Corporation has been tracking to a 50-day moving average of $35.26 and 200-day average of $32.70. Trading volume was was up over the average, with 74,577,899 shares of INTC changing hands over the typical 22,095,100 shares.
Intel Corporation (NASDAQ:INTC) had its target price raised to $42 by Nomura in a report issued 9/19/2016. The latest target price implies a possible upside of 0.13% based on the bussiness’ last closing price.
Previously on 9/16/2016, Cowen released a statement about Intel Corporation(NASDAQ:INTC) bumped the target price from $36.00 to $38.00. At the time, this suggested an upside of 0.04%.
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Also covering Intel Corporation’s stock price target, a total of 34 firms have issued a ratings update on the stock. The 12-month target stock price is $35.35 with 10 analysts rating the stock a strong buy, 16 firms rating the company a buy, 16 analysts rating the stock a hold, two brokerages rating the company to underperform, and finally one brokerage rating the stock as sell.
Intel Corporation has a one-year low of $27.68 and a one-year high of $38.05 with a PE ratio of 18 and has a market cap of $0.0.
About Intel Corporation (NASDAQ:INTC)
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components. DCG segment includes server, network and storage platforms designed for the enterprise, cloud, communications infrastructure and technical computing segments. IOTG segment includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, and buildings and home use. SSG segment includes Intel Security Group, and and Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.
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