JPMorgan Raises Intel Target Price to $85
Prefer us on GoogleJPMorgan has raised its target price for Intel (INTC.O) from $45 to $85. Intel has released strong revenue expectations, forecasting third-quarter sales to reach between $15.8 billion and $16.8 billion, exceeding analysts' average expectation of $15.1 billion. This forecast indicates Intel's growth momentum among data center customers, who are in urgent need of chips to meet artificial intelligence computing demands. Last quarter, sales in this sector surged by 59%, more than double Intel's overall revenue growth rate.
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