Intel (NASDAQ: The price of INTC shares) received an upgrade on Monday, April 6, KeyBanc raised its price target on the stock from $65 to $70 and maintained it at “Overweight”.
In particular, the bank’s analyst, John Vinh, said that the demand for Intel’s CPU remains exceptional, even if the directors have raised prices twice.
Likewise, 18A yields continue to improve, rising to 65% as the Panther Lake microprocessor ramp-up continues, with 14A processors tied for Apple’s (NASDAQ: Image of AAPL) M-series chips are high-end EMIB-T based Letters (NASDAQ: GOOGLE) Humu Fish TPU can provide 4-5 billion dollars.
Following the new price, which represents an increase of about 39%, INTC shares jumped 1.5% in the pre-market, extending Intel’s rally and raising the prices by about 28% for the year.
Wall Street mixed with Intel
Although Intel’s shares have been falling, Vinh’s price increase was the first since January 28, when Tigress Financial raised its price target from $52 to $66. Meanwhile, many analysts continued to revise their ratings and predictions.
On April 6, Mizuho Securities raised its rating to “Hold” and INTC’s price target of $48. A few days earlier, on April 2, DA Davidson reiterated “Hold”, and indicated a target price of $45.
At the same time, Northland called Intel a “Buy” with a forecast of $54, while Wells Fargo and UBS called it a “Hold,” with prices of $45 and $51.
Overall, Intel stock enjoys an average price of $48.07, which represents a -4.58% decline from the current level, according to Wall Street. to follow records platform TipRanks.
Of the thirty-three analysts who shared their views on the technology company in the past three months, twenty-three have rated it a “Hold,” four have recommended a “Sell,” while six have favored a “Buy.”
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