Intel shares climbed sharply in late trading Wednesday, driven by a double upgrade from Bank of America and a forceful buying recommendation from CNBC’s Jim Cramer.
Bank of America has raised its price target for Intel Corp, marking the latest bullish move from Wall Street analysts covering the semiconductor giant.
The revision adds to a wave of positive sentiment that has recently lifted Intel’s valuation, as investors reassess the company’s turnaround prospects.
The bank’s latest action reinforces the growing consensus that Intel’s strategic shifts are gaining traction with institutional investors.