Needham Reiterates Buy on Intel, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on Intel (NASDAQ:INTC) and maintained a price target of $40.
October 27, 2023 | 11:05 am
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Intel's stock rating has been reiterated as 'Buy' by Needham analyst Quinn Bolton, with a maintained price target of $40.
The reiteration of a 'Buy' rating by a respected analyst like Quinn Bolton is a positive signal for Intel. The maintained price target of $40 also indicates that the analyst believes the stock is undervalued at current levels, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100