Intel (INTC) Target Raised Ahead of Q2 Earnings; Positive.

Intel Corporation (NASDAQ: INTC) had its price target raised by Citigroup analyst Christopher Danely from $21.00 to $24.00, maintaining a “Neutral” rating on the shares. The update is part of a Q2 earnings preview for the semiconductor group. Citi predicts growth in the sector due to strong demand and inventory replenishment. Citi sees the most upside in Microchip (MCHP) and Texas Instruments (TXN) stocks.

Intel (INTC) is a company that designs and sells computing hardware, semiconductor products, and AI-driven solutions across various industries. While INTC offers investment potential, Citi believes other AI stocks may offer greater upside potential with less downside risk. Investors looking for undervalued AI stocks can explore Citi’s free report on the best short-term AI stock.

Citi’s optimistic outlook on the semiconductor sector is driven by solid demand and inventory replenishment, contrary to previous assumptions regarding tariffs slowing down the industry. The firm believes that the sector will grow, presenting opportunities for companies like Intel and others in the AI space. Explore trending AI stocks and those in the spotlight for more investment opportunities.

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