🟢 INTC is trading 4.2% up today after Citi raises price target

INTC is trading at $113.37 (4.2% up) after a positive analyst rating and despite broader market futures trading lower.

• Citi raised its price target on Intel to $130 from a previous $95, citing a positive outlook for the CPU market which it estimates could grow to $131.5 billion by 2030.
• The stock showed strength despite news of U.S. stock futures trading lower amid geopolitical tensions and caution ahead of major tech earnings.
• The move also comes as President Trump commented on the U.S. government's stake in the company, which had reportedly caused a 1% dip in pre-market trading.