Wall Street analysts set INTC stock price for 12 months
The post Wall Street analysts set INTC stock price for 12 months appeared on BitcoinEthereumNews.com. As Intel Corp. (NASDAQ: INTC) stock signals a potential cycle top, two more Wall Street analysts have assigned a neutral rating. Ruben Roy, a Wall Street analyst at Stifel Nicolaus, assigned a ‘Hold’ rating for INTC stock on July 10 in a note to clients. However, Roy raised his 12-month target price for Intel stock to $120 from $75, signaling a potential 9.94% upside. The analyst noted that the company remains heavily reliant on the commentaries on central processing units (CPUs) and graphics processing units (GPUs). Furthemore, INTC stock is among the AI stocks that benefited from the significant ongoing investors’ AI buildout. “We expect the stock to move more on end-demand comments (ASPs and volumes) tied to server CPUs and to supply-side comments (yields and volumes) on the GPU side of the business,” Roy stated. Meanwhile, Aaron Rakers, an analyst at Wells Fargo & Co. (NYSE: WFC),