RBC Capital analyst Amit Daryanani maintained a Hold rating on Intel (NASDAQ: INTC) on October 19 and set a price target of $55. The company’s shares closed yesterday at $45.01.
According to TipRanks.com, Daryanani is a top 100 analyst with an average return of 19.5% and a 70.9% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Ichor Holdings Ltd, Xperi Corporation, and Maxim Integrated.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $53.30 average price target, which is a 18.4% upside from current levels. In a report issued on October 4, BNP Paribas also maintained a Hold rating on the stock with a $54 price target.
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Based on Intel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $16.96 billion and net profit of $5.01 billion. In comparison, last year the company earned revenue of $16.15 billion and had a net profit of $4.52 billion.
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