Mizuho Securities raised Intel (NASDAQ: The price of INTC shares) price range from $ 128 to $ 135 on Sunday, June 21, repeating ‘Politics.’
Analyst Vijay Rakesh highlighted a number of high-end technologies, including EMIB-T and Foveros, which he thinks will help Intel capture 10-15% of the high-end market over time.
Additionally, the upgrade reflects confidence in last week’s announcement that Intel will be working with them apple (NASDAQ: Image of AAPL) designs and manufactures chips in the US
This new estimate represents a change of 5.5% from Mizuho’s previous price target for Intel and 0.75% upside from the current price of $133.99.
Bernstein has issued a new price target for Intel stock
On June 17, Stacy Rasgon at Bernstein offered a few bearish A price of $100 per Intel, correctly predicts that INTC will drop about 15% from the most recent closing price during that period.
Rasgon, however, bullish in the semiconductor industry as a whole, recently about TechSurge images podcast that this is the first time to witness a semiconductor supercycle.
“I’ve heard the term ‘super cycle’ all my career, and this is probably the first time I’ve seen it…The only thing we’re hearing is that no one has enough talent,” Rasgon said.
In discussing Intel, Rasgon spoke about the company’s CPU business, noting that the demand for modern servers is very strong and, like Mizuho’s Rakesh, he praises the new products, although he admitted that the yield is not good.
“Their new products – their 18A products, Panther Lake – I wish they could make more of them. The yields are not good, but the products they are making are good… The demand for server CPU is really strong right now. It is very strong that last quarter they had a limit,” he added.
Wall Street Intel stock consensus
With their ‘Hold’ ratings, Bernstein and Mizuho agree with the rest of Wall Street. Accordingly, in the last three months, 25 analysts rated Intel a ‘Buy,’ while only 11 issued a ‘Buy’ rating.
The price of INTC shares. Source: TipRanks
At the same time, the stock price of Intel in the next 12 months has been $92.75, which means a drop of about 30% from the current price.
Image courtesy of Shutterstock
