According to an update released by analysts at Needham the broker has now set a ‘Buy’ rating on shares of Intel Corporation (NASDAQ:INTC) with a price target of 42.
Needham on Wednesday reiterated Intel Corporation’s analyst rating as ‘Buy’ with its price target of 42 highlighting a potential increase of 17.56% from Intel Corporation’s current price of 35.73.
Over the last twelve months Intel Corporation’s stock price has increased from 32.53 to 35.73, a change of 9.82%.
Intel Corporation has 4,731,000,000 shares in issue which have a share price of 35.73 giving Intel Corporation a market capitalisation of 169.01B USD.
The company has a 50 day moving average of 36.98 and a 200 day moving average of 33.74. The 52 week high shares of Intel Corporation have reached is 38.36 whilst the 52 week low for the company’s shares 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.