ATLAS News · Technology
BofA Securities cut its Intel price target to $80 from $100 and kept a Neutral rating, while raising its AMD target to $700, according to MarketScreener and BigGo.
MarketScreener reports that BofA Securities has reduced its price target on Intel to $80 from $100, while maintaining a Neutral rating on the stock.
BigGo Finance adds that the bank cited a cloudy CPU outlook as it trimmed the Intel target. In the same move, it raised its target for AMD to $700.
Separately, TradingKey reports that Intel shares moved down by 4.11% on Nov 12 and looks at the drivers behind the decline. Traders Union describes the stock as pulling back from $64 amid weakness across the sector, led by Nvidia, with a rebound toward $69 to $70 in question.
Analyst price targets are opinions from individual banks and are revised periodically based on their views of a company's business and its industry.
A large target cut from a major bank can shape sentiment around Intel, and the contrast with the higher AMD target highlights how analysts are viewing the CPU market.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
live price · USD
Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.
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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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