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Argus announced Intel Corporation (NASDAQ:INTC), boosting its stock price target to $45.00 today

Boasting a price of $37.25, Intel Corporation (NASDAQ:INTC) traded 3.04% higher on the day. The last stock price close is up 15.19% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. INTC 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 bumped up to $45 by Argus in an issued report released 9/19/2016. The new target price implies a potential upside of 0.21% from the company’s most recent closing price.

Previously on Friday September 16 2016, Cowen released a statement about Intel Corporation(NASDAQ:INTC) raised the target price from $36.00 to $38.00. At the time, this suggested an upside of 0.04%.

Recent Performance Graphic:

Intel Corporation (NASDAQ:INTC)

A total of 34 equity analysts have reported on Intel Corporation. Ten firms rate the stock a strong buy, 16 analysts rate the stock a buy, 16 firms rate the company a hold, two firms rate the stock to underperform, and finally one firmrate the stock as sell with a one year target price of $35.35

Intel Corporation has a P/E of 18 with a 52 week low of $27.68 and a 52 week high of $38.05 and has a total market value of $0.0.

More 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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