Intel price target raised by $10 at Roth MKM, here’s why

Roth MKM analyst Suji Desilva raised the firm’s price target on Intel to $45 from $35 and keeps a Neutral rating on the shares. The analyst cites the company unveiling a full range of AI-enable processor products to target the AI market across client, edge, and cloud. Roth MKM adds that Intel’s newest products leverage the company’s recovering manufacturing node ramp as well as its core processor, GPU and AI accelerator technologies.