Stifel Nicolaus Believes Intel Corp (NASDAQ: INTC) Won’t Stop Here

By Austin Angelo

Stifel Nicolaus analyst Kevin Cassidy reiterated a Buy rating on Intel Corp (NASDAQ: INTC) yesterday and set a price target of $50. The company’s shares closed yesterday at $45.49, close to its 52-week high of $45.80.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.4% and a 69.7% success rate. Cassidy covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Advanced Micro Devices.

Currently, the analyst consensus on Intel Corp is Moderate Buy and the average price target is $45.29, representing a -0.4% downside.

In a report issued on October 17, KeyBanc also reiterated a Buy rating on the stock with a $43 price target.

Intel Corp’s market cap is currently $212.9B and has a P/E ratio of 15.91. The company has a book value ratio of 3.0012.

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