- Intel (INTC +1.8%) shares could double in the next two years, says New Street Research analyst Pierre Ferragu.
- Ferragu sees a "stark contrast between Intel's financial fundamentals" and the stock performance.
- The analyst writes that Intel maintains an over 90% share in its core markets despite manufacturing setbacks, and the company has "no competition in the high-end PC and continually growing universal server markets.
- New Street has a Buy rating and $100 price target on Intel. The company has a Neutral average Wall St. Analysts rating.