TECH - Intel Upgraded To Buy - Analyst Highlights Strong Gains from Upcoming Server Products And Foundry Growth | Benzinga
Mizuho analyst Vijay Rakesh upgraded Intel Corp (NASDAQ: INTC) from Neutral to Buy and raised the price target from $37 to $50.
The analyst noted that Intel is lining up significant NEW Server product launches and Foundry customer announcements in the next six months. The re-rating reflected a better 2024E Compute and Data Center (DC) product roadmap, a 2024E PC and DC industry upcycle, the ...