Analyst Round-Up Intel (INTC): 25 Analysts Play Catch-Up (Raise Price Targets)

October 14, 2009 12:28 PM EDT

As expected, almost every firm on the Street with a research branch has issued a report on Intel (Nasdaq: INTC) today following its Q3 earnings report. While analysts seem to be staying pat on their investment ratings, most are adjusting their estimates and price targets accordingly.

Below is a summary of the analyst action on shares of Intel:

• Goldman Sachs - maintains Neutral, price target raised from $16 to $17
  
• Morgan Stanley - maintains Overweight, price target raised from $24 to $25
  
• Deutsche Bank - maintains Buy, price target raised from $24 to $25
  
• BofA Merrill Lynch - maintains Buy, price target raised from $25 to $27
  
• Barclays - maintains Equalweight, price target raised from $22 to $24
  
• Citi - maintains Buy, price target raised from $25 to $26
  
• UBS - maintains Buy, price target raised from $24 to $27
  
• Credit Suisse - maintains Outperform, price target raised from $24 to $27
  
• Piper Jaffray - maintains Overweight, price target raised from $21 to $26
  
• Oppenheimer - maintains Outperform, sets price target of $28
  
• FBR Capital - maintains Market Perform, price target raised from $23 to $27
  
• Wedbush - maintains Outperform, price target raised from $25 to $26
  
• Bernstein - maintains Market Perform, price target raised from $19.50 to $21.50
  
• Needham - maintains Buy, price target raised from $24 to $28
  
• Jefferies - maintains Underperform, price target raised from $14 to $15
  
• Roth Capital - maintains Buy, price target raised from $25 to Street high $33
  
• Auriga - maintains Sell, price target raised from $16 to $17
  
• Calyon - maintains Underperform, price target raised from $20 to $23
  
• Broadpoint.AmTech - maintains Buy, price target raised from $25 to $29
  
• JMP Securities - maintains Outperform, price target raised from $24 to $28
  
• Davenport - maintains Buy, raises price target from $27 to $29
  
• Miller Tabak - maintains Buy, price target raised from $22 to $25
  
• Canaccord Adams - maintains Buy, price target raised from $20 to $25
  
• FTN Equity - maintains Buy, price target raised from $23 to $25
  
• GC Research - maintains Neutral, price target raised from $21 to $24

Today's widespread analyst movement shows that even the most optimistic analysts are now catching-up to Intel's solid results. According to Bloomberg, the average analyst price target for Intel is now $25, a level which would mark a nice 20% gain from the current price around $21.

Now the real question to ask... is it a good or bad thing that all these analysts are jumping on the bandwagon?

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