Intel Corporation (NASDAQ:INTC) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Canaccord Genuity.
Canaccord Genuity today set a target price of 43 on the company’s stock. According to the analyst this now indicates there is a potential increase of 20.36% from Intel Corporation’s current price of 35.73.
Over the last twelve months Intel Corporation’s stock price has increased by 9.82% from 32.53 to 35.73.
There are currently 4,731,000,000 shares in issue with a current share value of 35.73 giving Intel Corporation a market capitalisation of 169.01B USD .
Intel Corporation (NASDAQ:INTC) has a 50 day moving average of 36.98 and a 200 day moving average of 33.74. The 52 week high for the share price is 38.36 while the 52 week low for the stock is 27.68.
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 Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.