Intel Stock Gets a Notable Upgrade

Meanwhile, it looks like Intel is finally getting some love on Wall Street. Mizuho Securities analyst Vijay Rakesh upgraded Intel stock from “neutral” to “buy” and raised his price target on the shares from $37 to $50.

Rakesh now sees Intel as being “refocused on a better 2024 estimated” data center and personal computer “road map.” This could drive Intel’s turnaround story after the company lost market share in these segments and, Rakesh posits, help improve Intel’s margins.

Certainly, the price-target raise from $37 to $50 is eye-opening. Don’t be too quick to jump into a trade with INTC stock, though. You’ll first want to conduct your due diligence on Arm , a U.K.-based microchip designer.

Intel is investing in Arm, and it’s not a small stake. Specifically, Intel disclosed a position of 1,176,470 Arm American depositary receipts. Hence, if you’re investing in Intel, you’re also indirectly investing in Arm. $Intel (INTC.US)$ $Arm Holdings (ARM.US)$