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Cantor Fitzgerald hiked Intel stock’s price target to $150 but kept a Neutral rating, while the broader analyst consensus of $96 sits below the current share price.
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Intel landed new deals with Google and a CPU slot in NVIDIA’s DGX Rubin systems, but Intel’s quarterly earnings fell 72% year over year.
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Intel (NASDAQ:INTC) stock is trading at $130.60 midday Monday, up 2% on the session. The move follows a major price-target hike from Cantor Fitzgerald, which raised its target on the shares to $150 from $90 while keeping its rating at Neutral.