Intel (INTC) Price Target Raised to $145 at Tigress Financial
Intel Corp. (NASDAQ: INTC) had its price target raised to $145 from $118 at Tigress Financial, one of the more aggressive calls on a stock where analyst opinion is unusually widely spread.
The increase lands well above the consensus. The average 12-month target on INTC sits at $115.74, against a share price around $97 on 16 September, implying roughly 19% upside on the consensus figure alone.
What makes the position notable is the dispersion around it. The high estimate on INTC is $200 and the low estimate is $75, a spread of more than 2.6 times between the most and least optimistic published views. Ratings break down as 15 analysts recommending buying and 2 recommending selling, producing an overall Buy consensus.
That spread is a reasonable proxy for the disagreement over Intel Foundry. The company's own products keep its fabs loaded, but the valuation case rests on winning external customers at volume. Analysts who see that conversion happening arrive at very different numbers from those who do not, and there is limited middle ground between the two positions.
INTC has been volatile enough to justify the range. Annualised volatility has been running around 47%, and the 52-week range spans $24.45 to $142.35.
The next scheduled test is earnings, currently estimated for 21 October.
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