Wall Street Is Starting to Like Intel Stock Again

Most Wall Street analysts who cover Intel (NASDAQ: INTC) aren't all that optimistic about the stock, and it's not hard to see why. Intel has been struggling against multiple challenges for years. In manufacturing, delays and missteps contributed to TSMC pulling ahead and giving Intel's competitors a manufacturing advantage. In the PC and server CPU business, AMD has been consistently gaining market share.Investors became much more optimistic about Intel over the past year. High-profile deals with the U.S. government and Nvidia injected Intel with capital, and rumors point to Apple potentially using Intel Foundry for some of its chips. Wall Street is finally starting to catch up. Earlier this week, an analyst at KeyBanc upgraded the stock to "buy" and increased his price target to $60. On Thursday, another analyst jumped on the bandwagon.Image source: Intel.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool