Intel (INTC) PT Lifted to $40 at Imperial Capital Following Upbeat Analyst Day

Imperial Capital analyst Ashok Kumar reiterated an Outperform rating and boosted his price target on Intel (NASDAQ: INTC) to $40.00 (from $37.00) following Thursday's analyst day.

Kumar commented, "At its Analyst Day on 11/20/14, management provided strong outlook for 2015 with revenue growth exceeding consensus estimate supported by growth in Datacenter. INTC is committed to remain dominant in its core market and catch up in the Mobile segment. The combination of continued share gains in a stable PC market, growth in Datacenter, and lower Mobile losses should support further upside in shares."

The firm raised raising 2015 revenue estimate to $58.6bn from $57.5bn and non-GAAP EPS estimate to $2.52 from $2.40.

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

Shares of Intel closed at $35.95 yesterday.

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