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 designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.