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Citigroup announced Intel Corporation (NASDAQ:INTC), bumping up its stock price target to $38.00 today

In a statement issued on 9/19/2016 Citigroup increased the target price of Intel Corporation (NASDAQ:INTC) from $35 to $38 indicating a possible upside of 0.02%.

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

Yesterday Intel Corporation (NASDAQ:INTC) traded 3.04% higher at $37.21. Intel Corporation’s 50-day average is $35.26 and its two hundred day average is $32.70. With the last stock price close up 15.19% relative to the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same time period. 74,577,899 shares of Intel Corporation traded hands, up from ann avg. trading volume of 22,095,100.

Performance Chart:

Intel Corporation (NASDAQ:INTC)

Intel Corporation has a price-earnings of 18 with a 52 week low of $27.68 and a 52 week high of $38.05 and has a market cap of $0.0.

Also covering Intel Corporation’s stock price target, a total of 34 brokerages have reported on the stock. The one year target stock price is $35.35 with 10 analysts rating the stock a strong buy, 16 analysts rating the company a buy, 16 analyts rating the stock a hold, two brokerages rating the stock to underperform, and lastly one firmrating the company as sell.

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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