Here's What Analysts Are Saying About Intel's Solid Earnings
- Analysts see no material financial impact from security flaw
- Diversification into data center market fueling solid growth
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Intel shares are poised to reach a 17-year high as analysts credit diversification into data center services with propelling fourth-quarter results above estimates. Improved execution and visibility into the company’s growth and a conservative outlook are likely to push multiples even higher, analysts say, and earned an upgrade from Credit Suisse. The stock rose 6.5 percent at 8:50 a.m. to trade above $48.00 for the first time since 2000.
Pitzer upgraded the stock to outperform from neutral and raised his price target to $55 from $42.