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Northland analyst Gus Richard increased the firm’s price target on Intel stock to $92 from $54 while maintaining an ‘Outperform’
Northland analyst Gus Richard raised Intel's price target to $92 from $54.
KEY POINTS
- Intel's valuation now triples the value of its property, plant, and equipment due to higher utilization.
- Intel's partnerships with Nvidia, Tesla, and Google are driving its strategic importance in chip manufacturing.
- Intel bought back a 49% stake in its Fab 34 facility in Ireland for $14.2 billion.
- Ongoing shortages and geopolitical risks are increasing the value of domestic chip production like Intel's.
COMPANIES
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