Intel Stock Forecast: Why Intel Deserves A Price Target Of $75

February 18, 2020
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • The consensus 12-month price target at TipRanks is only $67.02. This is likely due to incorrect anxiety over the corona-virus outbreak.
  • You should go long INTC now because the corona-virus outbreak in China will help this stock reach $75 this year.
  • All of Intel’s factories or x86 processor fabs are located outside of China. There won’t be any suspension in Intel’s production.
  • It is fabless AMD that is suffering from the suspension of factories in China. A short supply in Ryzen processors will compel more PC vendors to go all-Intel.

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