Barclays analyst Tom O’Malley raised the firm’s price target on Intel (INTC) to $25 from $19 and keeps an Equal Weight rating on the shares. The Nvidia (NVDA) partnership “offers another lifeline” to Intel, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel downgraded to Sell from Neutral at Citi
- Nvidia Stock (NVDA) in Focus: Bets $900 Million on Enfabrica Talent and AI Tech License
- AMD Stock (AMD): Analysts Warn of Risks after NVIDIA–Intel Deal
- Top Analyst Gil Luria Calls NVIDIA’s (NVDA) $5B Intel Investment a ‘Win-Win’
- Intel Partners with NVIDIA in $5 Billion Stock Deal