Intel (INTC) Estimates Raised at JPMorgan, Suspects Management Was Surprised by Server/PC Demand in H1

JPMorgan analyst Harlan Sur maintains Overweight on Intel (NASDAQ: INTC) price target of $68.00.

The analyst is boosting his estimate on stronger PC and Data Center demand while noting he sees upside to the company's revenues and earnings power over the coming six to 18 months on the stronger than expected PC/data center results.

Sur believes management was surprised by the strong server and PC demand in H1 2018 and sees continued H2 strength in server/PC demand coupled with new processor SKUs which he thinks will drive continued supply tightness in H2 2018.

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 $45.88 yesterday.

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