In a report released yesterday, Christopher Rolland from Susquehanna maintained a Buy rating on Intel (INTC), with a price target of $50. The company’s shares closed yesterday at $58.56, close to its 52-week high of $59.59.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.1% and a 66.4% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Lattice Semicon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intel with a $56.10 average price target, a -4.2% downside from current levels. In a report issued on April 3, Nomura also initiated coverage with a Buy rating on the stock with a $65 price target.
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Based on Intel’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18.66 billion and net profit of $5.2 billion. In comparison, last year the company earned revenue of $16.07 billion and had a net profit of $4.45 billion.
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