UBS Raises Price Target for Intel Due to Improved Near-Term Outlook
UBS increased its price target for Intel to $65 from $51, citing stronger near-term demand trends in PC and server CPU markets. The move follows a 4% rise in Intel's stock price, with UBS projecting higher revenue and earnings for the March quarter and full-year 2026. However, the firm remains cautious about long-term earnings potential.
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Topics: Intel Market Outlook Price Target Revenue Forecast Stock Performance UBS