UBS Reiterates a 'Buy' on Intel (INTC); Raising PT - Data Center Capex Accelerates

UBS reiterates a 'Buy' on Intel (NASDAQ: INTC) price target raised from $31 to $34.

UBS analyst says, "In conjunction with UBS Global I/O, “Data Center Capex Growth Accelerating,” with UBS forecasting +49% y/y 2012 aggregate data center capex from +32% in 2011, we analyze how capex has tracked with Intel server processor sales and show the potential for 7% upside to our 2012E $2.60 EPS. Given expected sustainability of these trends based on market growth and Intel’s strong competitive position, we reiterate our rating and raise our price target to $34 on raised longer-term assumptions for revenue growth and operating margin in our DCF model."

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 $26.74 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Popular stocks with increasing option volume: INTC MU MSTR SPCX MRNA AVGO PLTR NFLX PFE SOFI NBIS COIN
• Popular stocks with increasing option volume: INTC MU MSTR SPCX MRNA AVGO PLTR NFLX PFE SOFI NBIS COIN
• Seaport Global Securities Upgrades Analog Devices (ADI) to Buy, 'appears to be entering the sweet part of the cycle'