Stifel Maintains Hold on Intel, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy has maintained a Hold rating on Intel Corporation (NASDAQ:INTC) and increased the price target from $38 to $45, indicating a positive outlook on the company's future performance.
January 02, 2024 | 7:36 pm
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Stifel analyst Ruben Roy maintains a Hold rating on Intel but raises the price target from $38 to $45, suggesting an improved outlook for the stock.
The increase in price target from $38 to $45 by Stifel reflects a more optimistic view of Intel's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating suggests that the analyst sees the stock as fairly valued at the moment, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100