A statement released earlier today by CLSA about Intel Corporation (NASDAQ:INTC) bumps the target price to $37.00
- Updated: September 19, 2016
Displaying a price of $37.67, Intel Corporation (NASDAQ:INTC) traded 3.04% higher on the day. The last stock close is up 15.19% from the 200-day average, compared with the S&P 500 which has fallen -0.01% over the same period. INTC has logged a 50-day moving average of $35.26 and two hundred day moving average of $32.70. 74,577,899 shares of INTC traded hands, up from ann avg. trading volume of 22,095,100
In a statement issued on Monday September 19 2016 CLSA increased the target price of Intel Corporation (NASDAQ:INTC) from $35 to $37 stating a possible downsideof -0.02%.
On 9/16/2016, Cowen reported on Intel Corporation(NASDAQ:INTC) upped the target price from $36.00 to $38.00 that indicated a possible upside of 0.04%.
See Chart Below:
Also covering Intel Corporation’s stock price target, a total of 34 analysts have released a research note on the company. The one year target is $35.35 with 10 firms rating the stock a strong buy, 16 firms rating the stock a buy, 16 firms rating the stock a hold, two brokerages rating the company to underperform, and finally one firm rating the company as sell.
Intel Corporation has a 52 week low of $27.68 and a one-year high of $38.05 with a PE ratio of 18. INTC’s market cap is currently $0.0.
Brief Synopsis 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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