Morgan Stanley Sees Intel Server Roadmap As Growth Driver For Altera

In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating and $40.00 price target on

. In the report, Morgan Stanley noted, “This week, Intel presented its plan to offer Server CPUs plus FPGAs synchronized in a single package, to allow options for customized server acceleration. We think this niche could return Altera's data center segment (19% of revs) to a 20% growth profile 2015-16. Stock is OW, $40 target.” Altera Corporation closed on Thursday at $35.07.