Intel (INTC) PT Raised to $52 at Mizuho Securities on Q4 Earnings Beat; 'In-Line Guide, Data Center Strong, Tax Tailwind'
Mizuho Securities raised its price target on Intel (NASDAQ: INTC) to $52.00 (from $47.00) while maintaining a Buy rating, following the company's fourth quarter earnings report.
Analyst Vijay Rakesh notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenue results above consensus projections driven by "blowout data center revenues" and strong PC client sales and record volumes, despite lower operating margins from that segment.