Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

01. Intel Corporation (NASDAQ:INTC)

Upside Potential: 56%

On October 4, Northland Securities increased its target for Intel Corporation (NASDAQ:INTC) from $45.00 to $56.00 while maintaining an “Outperform” rating. This adjustment reflects Northland Securities’ heightened confidence in Intel Corporation (NASDAQ:INTC) future prospects. Despite the increased target, the current stock price for Intel Corporation (NASDAQ:INTC) is $35.93, indicating a modest 0.7% increase following the target revision. The elevated target from Northland Securities underscores a positive sentiment regarding Intel’s growth potential, likely influenced by strategic initiatives, technological advancements, or other market dynamics. The continued “Outperform” rating signifies Northland Securities’ belief that Intel remains positioned for strong performance. The 0.7% increase in the current stock price suggests a positive market response to the raised target, indicating investor optimism about Intel’s trajectory. The potential 55.7% upside from the current price to the new target of $56.00 is significantly high and appealing.

ClearBridge Large Cap Growth Strategy made the following comment about Intel Corporation (NASDAQ:INTC) in its Q4 2022 investor letter:

“A third approach to return generation is purchasing idiosyncratic businesses that largely control their own destiny. Intel Corporation (NASDAQ:INTC), which we purchased in the first quarter on the premise that it would develop a leading domestic foundry business, has struggled with execution missteps and product delays. We are maintaining the position to provide ongoing exposure to semiconductors.”

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