Intel (INTC) is Long-Term Buy and Ahead of Q4 Earnings - Jefferies

January 14, 2014 7:45 AM EST Send to a Friend
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Price: $36.90 +1.60%

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    32 Buy, 23 Hold, 7 Sell

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Jefferies analyst Mark Lipacis reiterated a Buy rating and $32 price target on Intel (Nasdaq: INTC) saying a 2016 bull case suggest EPS of $3.00. The firm is also a buyer of the stock ahead of Intel's Q4 report.

Long term our analysis indicates that Intel could have a 50% pricing advantage in processors in 12 months and a 66% in 36 months, which leads us to model share gains in tablets and smartphones and project a bull case EPS scenario of ~$3 in 2016. Lipacis said. Near term, we think momentum investors will find Intel's bottoming gross margins and low expectations difficult to ignore. INTC remains our top big cap pick - we're buyers in front of the earnings call.

For an analyst ratings summary and ratings history on Intel, click here. For more ratings news on the company, click here.

Shares of Intel closed at $25.53 yesterday, with a 52 week range of $20.10 - $26.04.


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