Benzinga | Jan 5, 2022 05:21AM EST

Read Why Tigress Financial Remains Bullish On Intel

* Tigress Financial analyst Ivan Feinseth raised the price target on Intel Corp (NASDAQ:INTC) to $72 from $68 and reiterated a Buy. The price target implies an upside of 35.5%.

* Related Content: CES 2022: Intel Achieves Major Milestones Across Automotive, PCs and Graphics

* Intel's France, Germany, Italy Plans: All You Need To Know

* Feinseth noted Intel's ongoing investment in processor development would increase industry competitiveness.

* Further, the announced initial public offering of Mobileye creates a "significant upside catalyst" for the shares.

* Price Action: INTC shares traded lower by 0.08% at $53.14 in the premarket session on the last check Wednesday.