Affirm stock soars as Q1 earnings smash expectations, guidance lift
Investing.com - Tigress Financial Partners has raised its price target on Intel (NASDAQ:INTC) to $52.00 from its previous target while maintaining a Buy rating on the stock. This target sits above the current analyst high target of $50, with Intel shares currently trading at $37.97, representing potential upside from current levels. InvestingPro data shows Intel has delivered a remarkable 75.4% return over the past year.
The firm cited Intel’s AI innovation, strategic partnerships, and manufacturing expansion as key factors positioning the company for sustained revenue growth, cash flow improvement, margin expansion, and shareholder value creation. As a prominent player in the Semiconductors & Semiconductor Equipment industry, Intel is trading at a high earnings multiple with a P/E ratio of 842.35, reflecting market expectations for future growth.
Tigress Financial highlighted Intel’s return to profitability in its third-quarter results, driven by increasing demand for AI accelerators, an improved product mix, and strategic investments across its business segments. Intel reported a gross profit margin of 32.55% in the last twelve months, with the company managing to remain profitable despite challenging market conditions.
The research firm expects accelerating AI compute demand, foundry partnerships, and supportive U.S. policies to drive Intel’s multiyear growth trajectory and strengthen its business performance trends, including increasing return on capital and economic profit growth. InvestingPro data reveals that 11 analysts have revised their earnings upwards for the upcoming period, with Intel showing a strong 91.56% price return over the last six months.
Tigress Financial also noted that Intel’s rack-scale innovation and advanced AI accelerators position the company to capitalize on long-term artificial intelligence and data center growth opportunities, while its robust balance sheet and free cash flow continue to deliver shareholder value. According to InvestingPro, Intel operates with a moderate level of debt, with a debt-to-common equity ratio of 0.44. Discover more insights in Intel’s comprehensive Pro Research Report, one of 1,400+ available for top US equities.
In other recent news, Intel Corp . has been engaged in preliminary discussions to acquire AI chip startup SambaNova Systems Inc., according to sources familiar with the matter. This potential acquisition aligns with Intel’s strategy to enhance its capabilities in artificial intelligence. Additionally, Intel’s recent third-quarter results have prompted several analyst firms to adjust their price targets. Truist Securities raised its price target for Intel to $39.00, citing solid performance in the Client Computing Group and Data Center and AI segments. TD Cowen also increased its target to $38.00, highlighting a clean set of results and guidance, supported by Windows 11 upgrades and server strength. Furthermore, Benchmark raised its price target to $50.00, noting Intel’s strong performance in September and a return to profitability after a series of losses. Meanwhile, UBS has maintained its Buy rating and $265.00 price target for Advanced Micro Devices, expecting strong third-quarter results driven by robust data center performance. These developments reflect the dynamic landscape in the semiconductor industry, with both Intel and AMD showing promising prospects.
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