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.