Roth Capital Raises Intel Price Target On The Back Of Good 4Q14 Results With Seasonal Guidance
In a research report released Friday, Roth Capital analyst Krishna Shankar maintained a Buy rating on Intel (NASDAQ:INTC) and raised his price target to $41 (from $38), following the company’s fourth-quarter results, posting revenues/EPS of $14.721 billion/$0.74 (Street @ $14.7 billion/$0.66).
Shankar noted, “We believe that the PC market will stay flattish in 2015 coupled with continuing strength in high-margin datacenter server processors. Areas of concern include continuing losses in the tablet/smartphone segment, peaking gross margins, and potential for weak PC sellthrough due to a softening macro environment.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Krishna Shankar has a total average return of 4.6% and a 49.2% success rate. Shankar has a 16.3% average return when recommending INTC, and is ranked #1025 out of 3426 analysts.