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Intel (NASDAQ:INTC) target price increased to $43.00, reported today by Needham

Only yesterday Intel (NASDAQ:INTC) traded 3.04% higher at $37.67. The company’s 50-day moving average is $35.26 and its two hundred day moving average is $32.70. The last stock close is up 15.19% relative to the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same period. 74,577,899 shares of Intel were exchanged, up from ann avg. trading volume of 22,095,100.

Intel (NASDAQ:INTC) had its price target upped to $43 by Needham in an issued report released 9/19/2016. The new target price suggests a potential upside of 0.14% based on the company’s most recent stock close price.

Previously on 9/16/2016, Cowen reported on Intel(NASDAQ:INTC) upped the target price from $36.00 to $38.00. At the time, this suggested an upside of 0.04%.

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Also covering Intel’s price target, a total of 34 analysts have issued a ratings update on the stock. The 12-month target price is $35.35 with 10 analysts rating the stock a strong buy, 16 analysts rating the company a buy, 16 analysts rating the stock a hold, two brokerages rating the stock to underperform, and lastly one brokerage rating the company as sell.

With a market capitalization of $0.0, Intel has a one-year low of $27.68 and a 52 week high of $38.05 with a PE ratio of 18.

General Company Details For 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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