Intel (INTC) PT Raised to $54 at Susquehanna on 4Q Beat; 'Guidance is Conservative with Potential for Upside... Driven by DCG'
Susquehanna raised its price target on Intel (NASDAQ: INTC) to $54.00 (from $48.00) while maintaining a Positive rating, following the company's fourth quarter earnings report.
Analyst Christopher Rolland notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenue results, while offering solid full year guidance, driven by upside in DCG segment with enterprise buyers demonstrating demand for high-end Purley unit.