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Cowen covered Intel (NASDAQ:INTC), bumping up its stock price target to $38.00 today

Just yesterday Intel (NASDAQ:INTC) traded 2.76% higher at $36.56. Intel’s 50-day average is $35.32 and its two hundred day moving average is $32.75. The last stock close is up 14.71% relative to the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. 49,649,830 shares of the stock traded, up from ann average volume of 22,021,300.

Intel (NASDAQ:INTC) had its target price upped to $38 by Cowen in a report released 9/16/2016. The updated target price indicates a possible upside of 0.04% from the bussiness’ most recent closing price.

On 9/7/2016, Vetr Inc. released a statement on Intel(NASDAQ:INTC) raised the target price from $0.00 to $38.07 that suggested an upside of 0.06%.

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A total of 34 firms have released a research note on the stock. Ten analysts rate the stock a strong buy, 16 analysts rate the company a buy, 16 firms rate the stock a hold, two brokerages rate the stock to underperform, and lastly one analystrate the company as sell with a 12-month target price of $35.35

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

Brief Synopsis On Intel (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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