Northland analyst Gus Richard raised the firm’s price target on Intel (INTC) to $92 from $54 and keeps an Outperform rating on the shares. Intel’s deals with the U.S. government, Nvidia (NVDA), Tesla (TSLA) and Google (GOOGL) highlight its “strategic importance as 1 of the 3 remaining leading logic chipmakers” at a time when there is a shortage of leading-edge logic capacity and Taiwan is at risk of reunifying with China, potentially limiting access to TSMC (TSM), the analyst tells investors.
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