Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

HISTORICAL FACTS: Here s why citi bumped up price target of this top chipmaker by 12 - The Untold Story

Intel Corporation Citi INTC Christopher Danely

Citi analyst Christopher Danely raised the firm's price target on Intel Corp (NASDAQ:INTC) to $58 from $52 and reiterated a Neutral rating on the shares. The price target implies an upside of 4.1%.
The analyst's channel checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel's Q4 and Q1 consensus estimates.
He raised estimates and added a "positive Catalyst Watch" for the stock due to the near-term upside.
Danely expects the stock to trade well into Intel's analyst day in mid-February.
However, he still expects the company to continue to lose market share and that its growth efforts will result in downside to consensus estimates over time.
Price Action: INTC shares traded lower by 0.09% at $55.65 in the premarket session on the last check Tuesday.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Russia agreed to supply Iran with 90 helicopter missile launchers

Russia agreed to supply Iran with 90 helicopter missile launchers

Leaked documents offer insight into Russian-Iranian military cooperation as US weighs up next steps in Iran war

The Guardian - UK

First Circuit Declines to Mandate Religious Exemptions from Public School Vaccination Requirement,

First Circuit Declines to Mandate Religious Exemptions from Public School Vaccination Requirement,

at least on an emergency basis while an appeal on the subject is pending.

May Court Order Parent to "Immediately Cease All Disparagement of" Other Parent "via Social Media"?

May Court Order Parent to "Immediately Cease All Disparagement of" Other Parent "via Social Media"?

An appellate court orders a trial court to consider whether such an order is consistent with the First Amendment.

UK and US condemn ‘cruel’ second jail term handed to Hong Kong activist Joshua Wong

UK and US condemn ‘cruel’ second jail term handed to Hong Kong activist Joshua Wong

Foreign Office says 10-year sentence shows city’s security law is being used to ‘target individuals for political expression’

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’

Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’

New policy would permit passengers to take firearms to their seats in lockboxes on 1,500 trains a day across the US

The Guardian - US

How Amendment 3, vaccine mandates and school vouchers will shape Florida under the leadership of Byron Donalds

How Amendment 3, vaccine mandates and school vouchers will shape Florida under the leadership of Byron Donalds

In the midst of what pundits are calling a blue tsunami nationwide, Florida remained resolutely red, electing Republican Byron Donalds as its first Black governor and sending Republican Ashley Moody back to the U.S. Senate.

The Conversation

Related Stories

Top stories on inkl right now

Russia agreed to supply Iran with 90 helicopter missile launchers

Russia agreed to supply Iran with 90 helicopter missile launchers

Leaked documents offer insight into Russian-Iranian military cooperation as US weighs up next steps in Iran war

The Guardian - UK

First Circuit Declines to Mandate Religious Exemptions from Public School Vaccination Requirement,

First Circuit Declines to Mandate Religious Exemptions from Public School Vaccination Requirement,

at least on an emergency basis while an appeal on the subject is pending.

May Court Order Parent to "Immediately Cease All Disparagement of" Other Parent "via Social Media"?

May Court Order Parent to "Immediately Cease All Disparagement of" Other Parent "via Social Media"?

An appellate court orders a trial court to consider whether such an order is consistent with the First Amendment.

UK and US condemn ‘cruel’ second jail term handed to Hong Kong activist Joshua Wong

UK and US condemn ‘cruel’ second jail term handed to Hong Kong activist Joshua Wong

Foreign Office says 10-year sentence shows city’s security law is being used to ‘target individuals for political expression’

The Guardian - UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’

Amtrak workers’ union denounces plan to let passengers bring guns on trains: ‘Sheer lunacy’

New policy would permit passengers to take firearms to their seats in lockboxes on 1,500 trains a day across the US

The Guardian - US

How Amendment 3, vaccine mandates and school vouchers will shape Florida under the leadership of Byron Donalds

How Amendment 3, vaccine mandates and school vouchers will shape Florida under the leadership of Byron Donalds

In the midst of what pundits are calling a blue tsunami nationwide, Florida remained resolutely red, electing Republican Byron Donalds as its first Black governor and sending Republican Ashley Moody back to the U.S. Senate.

The Conversation

Our Picks

From Katy Perry to drug addiction: What the Russell Brand rape trial jury didn't hear

The matters were deemed to be ‘sensitive’ and were removed from the prosecutor’s speech

The Independent UK

Dakota Johnson And Machine Gun Kelly Fuel Fresh Dating Rumours After California Dinner Outing

Dakota Johnson and Machine Gun Kelly were photographed together outside a Calabasas restaurant, adding to weeks of dating speculation based on sightings and unnamed sources.

International Business Times UK

6 Things You Should Stop Keeping in Your Refrigerator Door

Open your refrigerator, and chances are the door is packed with milk, eggs, salad dressing, and whatever else fits into those convenient little shelves. After...

“Concerned”: Hailee Steinfeld And Josh Allen Mocked Over Clumsy Mistake In Halloween Party Decor

Hailee Steinfeld and Josh Allen went all out to create a magical evening. But fans fixated on what seemed to be a clumsy error in the party decorations.

Nicki Minaj's Legal Team Alleges 'Irreconcilable Differences' in Bid To Ditch Her $200K Lawsuit

Nicki Minaj's lawyers are asking a US judge to let them withdraw from a $200,000 lawsuit, citing an alleged breakdown in communication with the rapper.

International Business Times UK

Dafne Keen Reveals Chilling Hollywood Party Incident At 11, Ignites Heated Debate About Child Stars’ Safety

"I don’t really have any interest in that," former child star Dafne Keen recalled after she was approached to engage in disturbing activity at Hollywood party.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play