Intel price target raised to $68 from $56 at Northland

Northland raised the firm’s price target on Intel to $68 from $56 and keeps an Outperform rating on the shares. The firm believes Intel is undervalued, and thinks it will recapture process technology leadership and stabilize its market share in PCs and servers in CY25, if not grow, the analyst tells investors in a research note. The firm believes Intel will ultimately split into five companies, unlocking shareholder value.