Susquehanna Believes Intel Corp (NASDAQ: INTC) Still Has Room to Grow

By Carrie Williams

Susquehanna analyst Christopher Rolland reiterated a Buy rating on Intel Corp (NASDAQ: INTC) today and set a price target of $62. The company’s shares closed yesterday at $52.40, close to its 52-week high of $53.78.

According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.6% and a 65.7% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Power Integrations.

Currently, the analyst consensus on Intel Corp is Moderate Buy and the average price target is $55.26, representing a 5.5% upside.

In a report issued on April 5, UBS also initiated coverage with a Buy rating on the stock with a $70 price target.

Based on Intel Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $17.05 billion and GAAP net loss of $687 million. In comparison, last year the company earned revenue of $14.8 billion and had a net profit of $2.96 billion.

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