Atif Malik ranks third among more than 12,000 analysts tracked by TipRanks. He has an 80% success rate and an average return of 46.7% per rating over a one-year timeframe. When he publishes a note built on a new market model, Wall Street pays attention.

On May 18, he published one on Intel. And the number it produced is not what most investors are expecting.

What Citi changed on Intel and the new model behind it

Citi analyst Atif Malik raised his price target on Intel to $130 from $95, maintaining a Buy rating, according to TipRanks. The prior $95 target had itself been a significant upgrade from April 24, when Citi moved Intel from Neutral to Buy at $95 following Intel’s blockbuster Q1 results. The latest move to $130…