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 $50.14.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 16.5% and a 64.8% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Arris Group, and Micron.
Intel has an analyst consensus of Moderate Buy, with a price target consensus of $55.29, implying a 10.3% upside from current levels. In a report issued on July 26, BMO Capital also reiterated a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $57.60 and a one-year low of $34.38. Currently, Intel has an average volume of 25.09M.
Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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