Intel Shares Rise 3.5% on Oct. 27; New Street Lists Buy Rating and $125 Target
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Intel shares rose 3.52% to close at $93.65 on Oct. 27, a day after New Street Research issued a report upgrading the chipmaker to Buy and setting a $125 price target. The stock gained 4.04% on Oct. 26, closing at $90.47. New Street’s report was dated Oct. 26. Its title framed CPU scarcity as strengthening Intel’s turnaround. Revenue in Intel’s Data Center and AI segment totaled $6.262 billion for the quarter ended June 27, a 59% increase from a year earlier.
Source: TokenPost
