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Barchart
Barchart
Aditya Raghunath

Intel Stock Just Got a New Street-High Price Target. Should You Buy INTC Here?

Intel Corporation INTC United States Nvidia SoftBank John Vinh AMD

Intel (INTC) shares surged more than 7% Tuesday after KeyBanc Capital Markets upgraded the chipmaker to “Overweight.” It also set a Street-high price target of $60, given Intel is making "significant progress" in its manufacturing turnaround and AI-driven chip sales.

According to a Yahoo Finance report, the upgrade comes as Intel appears to be breaking out of a years-long slump that saw it lose market share to rivals AMD (AMD) and ARM (ARM) while struggling to revive its manufacturing operations. 

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