Credit Suisse Believes Intel (INTC) Still Has Room to Grow

In a report released today, John Pitzer from Credit Suisse maintained a Buy rating on Intel (INTC), with a price target of $80.00. The company’s shares closed last Tuesday at $65.56, close to its 52-week high of $67.44.

According to, Pitzer is a top 25 analyst with an average return of 27.8% and a 77.8% success rate. Pitzer covers the Technology sector, focusing on stocks such as Keysight Technologies, Allegro MicroSystems, and NXP Semiconductors.

Currently, the analyst consensus on Intel is a Hold with an average price target of $67.37, a 2.0% upside from current levels. In a report issued on March 23, Mizuho Securities also maintained a Buy rating on the stock with a $72.00 price target.

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The company has a one-year high of $67.44 and a one-year low of $43.61. Currently, Intel has an average volume of 35.33M.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of INTC in relation to earlier this year.

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Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.

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