INTC Stock: $72 Target By Morgan Stanley 

By Amit Chowdhry ● April 23, 2021
  • The shares of Intel Corporation (NASDAQ: INTC) have received a price target of $72 by Morgan Stanley. These are the details.

The shares of Intel Corporation (NASDAQ: INTC) have received a price target of $72 by Morgan Stanley. And Morgan Stanley analyst Joseph Moore assigned the company an “Overweight” rating.

Moore noted that Intel’s first-quarter report offered “no big surprises.” And this was highlighted by the strong results in PCs and weakness in the data center operations.

However, Moore is bullish on Intel’s longer-term turnaround. And he expects Intel to exceed the full-year guidance. But there is expected to be “qualitative headwinds” during the year.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.