Intel price target boosted by UBS on stronger near-term outlook

UBS raised its price target on Intel to $65 from $51, citing improving near-term demand trends, but noted valuation may cap additional upside. Intel shares traded up more than 4% to about $65 on the news. The update is positive for sentiment, though it is primarily an analyst call rather than a fundamental business announcement.

Analysis

UBS raised its price target on Intel to $65 from $51, citing improving near-term demand trends, but noted valuation may cap additional upside. Intel shares traded up more than 4% to about $65 on the news. The update is positive for sentiment, though it is primarily an analyst call rather than a fundamental business announcement.