A statement released earlier today by Zacks Investment Research about Intel Corporation (NASDAQ:INTC) bumps the target price to $42.00
- Updated: September 26, 2016
Just yesterday Intel Corporation (NASDAQ:INTC) traded -1.24% lower at $37.19. Intel Corporation’s 50-day moving average is $35.79 and its 200-day moving average is $33.05. The last closing price is up 11.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 9,524,308 shares of INTC traded hands, down from an average trading volume of 23,000,900
Stating as potential upside of 0.13%, Zacks Investment Research upped the target price of Intel Corporation (NASDAQ:INTC) to $42.00
Previously on Tuesday September 20, 2016, Canaccord Genuity reported on Intel Corporation (NASDAQ:INTC) increased the target price from $40.00 to $44.00. At the time, this indicated a possible upside of 0.18%.
Recent Performance Chart
Intel Corporation has 52 week low of $27.68 and a 52 week high of $38.05 with a PE ratio of 17.81 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 34 brokers have issued a research note on the company. The average stock price target is $35.35 with 10 brokers rating the stock a strong buy, 16 brokers rating the stock a buy, 16 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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 Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.
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