- Analyst Blayne Curtis sees Intel transitioning "from a no-growth story to one of accelerating growth" that will contribute to greater valuation.
- Further notes positives of Data Center Group constituting one-third of overall revenue and improving PC market decline (low single-digits).
- Projects Q3 revenue in line ($15.6B, +/-$300M) with potential to the upside considered.
- Price target on Intel (INTC +0.9%) shares raised from $38 to $45 (current price $37.68).
- Yesterday: Brean Capital notes upside potential for Intel's Q3 despite guidance raise