In a report released today, Aaron Rakers from Wells Fargo maintained a Buy rating on Intel (NASDAQ: INTC), with a price target of $58. The company’s shares opened today at $46.50.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 16.0% and a 60.8% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Arris Group, and Micron.
Currently, the analyst consensus on Intel is a Hold with an average price target of $54.96, a 18.2% upside from current levels. In a report issued on August 9, Needham also reiterated a Buy rating on the stock with a $60 price target.
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Intel’s market cap is currently $217.2B and has a P/E ratio of 16.79. The company has a Price to Book ratio of 3.06.
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