Wells Fargo Raises PT on Intel (INTC) Stock
Intel Corporation (NASDAQ:INTC) is one of the Best Big Company Stocks to Buy Right Now. On June 1, Wells Fargo lifted its price objective on the company’s stock to $110 from $85 and maintained an “Equal Weight” rating on the shares. The firm hosted meetings on the 4th Annual Wells Fargo Silicon Valley Bus Tour, wherein it saw positive demand tone spanning across AI data center build-outs to the proliferation of AI inferencing/Agentic AI leading to strong incremental server CPU demand as well as continued drives of memory expansion. Furthermore, the firm believes that the economies of scale remain a strong competitive advantage.
Wells Fargo Raises PT on Intel (INTC) Stock
In a different update, Mizuho lifted its price objective on Intel Corporation (NASDAQ:INTC)’s stock to $128 from $124 and kept a “Neutral” rating on the shares. The firm lifted its price objectives in the broader semiconductor group, while adding that agentic AI demand remains robust throughout the CPU ecosystem. As per the analyst, the suppliers are supply-constrained into 2027, demonstrating upside in servers.
Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.
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