Intel (INTC) Price Target Raised by Citi Ahead of Q2 Earnings

Intel Corporation (NASDAQ:INTC) is one of the 10 AI Stocks Investors Are Watching This WeekOn July 7, Citigroup analyst Christopher Danely raised the price target for Intel from $21.00 to $24.00, keeping a “Neutral” rating on the shares.

The rating update comes as part of a Q2 earnings preview for the semiconductor group. The firm raised its forecasts, explaining that previous assumptions that tariffs would slow down the industry don’t seem to be coming true.

Citi believes that the sector will now grow, driven by solid demand and inventory replenishment.

Intel (INTC) Price Target Raised by Citi Ahead of Q2 Earnings

The two stocks that Citi sees the most upside in are Microchip (MCHP) and Texas Instruments (TXN).

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries.

While we acknowledge the risk and potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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