Today, Intel (NASDAQ:INTC) shares are trading flat on the back of an upgrade from Analysts at Sanford Bernstein. Analysts at the research company moved shares up a notch to a market perform from an underperform rating, while at the same time, raised Intel's price target to $28 from $22.
Bernstein seems to be late to the table, after Intel surprised investors in mid-June by upping its revenue guidance for the second quarter to $13.7 billion from $13 billion, noting strength in PC demand being a driver of the top line and gross margins (raised one percentage point to 64%).
With shares currently above both Bernstein's target and the Wall Street consensus estimate of $29.94, and reaching five year highs, the question now becomes is Intel stock still a buy?
In the Motley Fool Stock of the Day video below, Fool Tech and Telecom Analyst Nathan Hamilton discusses the recent news and why long-term shareholders may find value in the company's prospects by focusing beyond the calls of Wall Street Analysts.
Nathan Hamilton and Matt Trogdon have no position in any stocks mentioned. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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