Nomura Securities analyst, Romit Shah, reiterates a Buy rating for Intel Corporation (NASDAQ:INTC). The analyst believes that Intel’s expectations for strong datacenter performance in 2H16 are too optimistic. However, according to the analyst’s research, this forecast could be achievable.
In addition, the analyst upholds that Intel’s Broadwell-E server refresh should allow for stronger results.
The analyst issues a price target of $38.00 for INTC.
According to TipRanks, Romit Shah is ranked #318 of 4,083 analysts. The analyst maintains a success rate of 60% and an average return of 8.4%.