We See Further Upside In Intel Shares, Says Deutsche Bank
In a research report sent to investors today, Deutsche Bank analyst Ross Seymore reiterated a Buy rating on Intel (NASDAQ:INTC) with a $40 price target, following the company’s analyst day.
Seymore observed, “After kicking off the 2013 Analyst Meeting suggesting INTC had lost its way, Chairman Andy Bryant began the 2014 edition expressing his belief that the co was once again on track. INTC highlighted its commitment to not only remain dominant in its core markets but committed to “catching up” within Mobile, an expensive proposition even as losses shrink in 2015.
The analyst concluded, “On the whole, as INTC continues to gain share in a stabilized PC market, delivers strong growth in DCG, cuts Mobile losses, and returns significant cash to shareholders, we see further upside in shares.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ross Seymore has a total average return of 29.5% and a 83.0% success rate. Seymore has a 26.4% average return when recommending INTC, and is ranked #31 out of 3377 analysts.