Intel (INTC) Price Target Raised by Citi Ahead of Q2 Earnings
Intel Corporation (NASDAQ:INTC) is one of the 10 AI Stocks Investors Are Watching This Week. On July 7, Citigroup analyst Christopher Danely raised the price target for Intel from $21.00 to $24.00, keeping a “Neutral” rating on the shares.
The rating update comes as part of a Q2 earnings preview for the semiconductor group. The firm raised its forecasts, explaining that previous assumptions that tariffs would slow down the industry don’t seem to be coming true.
Citi believes that the sector will now grow, driven by solid demand and inventory replenishment.
The two stocks that Citi sees the most upside in are Microchip (MCHP) and Texas Instruments…
