Intel (NASDAQ:INTC) stock price target bumped up to $44.00, reported today by Canaccord
- Updated: September 19, 2016
In a statement issued on 9/20/2016 Canaccord bumped up the target price of Intel (NASDAQ:INTC) from $40 to $44 stating a possible upside of 0.18%.
Previously on 9/19/2016, Argus released a statement about Intel(NASDAQ:INTC) raised the target price from $41.00 to $45.00. At the time, this suggested an upside of 0.21%.
Having a price of $37.16, Intel (NASDAQ:INTC) traded 0.00% even on the day. With the last stock price close up 12.98% relative to the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time. The company has registered a 50-day average of $35.47 and 200-day moving average of $32.89. Trade volume was was down over the average, with 1,931 shares of INTC changing hands under the typical 22,950,000 shares.
Intel has a one-year low of $27.68 and a one-year high of $38.05 with a price-earnings ratio of 18 and has a total market value of $0.0.
A total of 34 brokerages have reported on Intel. Ten firms rate the stock a strong buy, 16 firms rate the company a buy, 16 firms rate the company a hold, two analysts rate the stock to underperform, and lastly one brokeragerate the company as sell with a 12-month target of $35.35
More About 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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