RDC Capital shares analysts’ bullish sentiments following Intel Corporation (NASDAQ: INTC) DCG Cloud Day. Event highlights included introduction to the latest “Xeon” server processors, which were received as modest improvements, but likely revenue growth drivers.

Intel’s early notes shared how Super-7 saw 30% CAGR in its CSP units over 2012-2015 and Next-50 units rose at around 40% CAGR. Then it introduced the two new product lines: Intel Xeon E5-2600 v4 product family and the 3D NAND and dual-port PCIe SSDs.

DCG Cloud Day elaborated on Intel’s market drivers which support consistent double digit sales growth as well as its barriers to entry. The company also explained how it plans to achieve future growth in cloud business and provide an information/networking hub for its deployment.

RBC analyst, Amit Daryanani, predicts that INTC’s DCG business is likely to grow less than its 15% YoY target in 2016 (2014: 18%, 2015: 11%.) However, he added that RBC is “confident that DCG will see double-digit growth over a multi-year timeframe.”

Intel’s stock performance remains solid and Credit Suisse also finds DCG trends strong and likely to climb further in upcoming quarter and second half. Canaccord, in investors’ note, claims Intel’s diversifying opportunity in DCG “underappreciated” and expects “strong server upsell cycles.” The same analyst firm also views Intel’s stock performance in light of long term challenges it is already battling.

While most analyst sentiments are positive, some remain conservative, considering 15% DCG too ambitious with modest addition in Xeon servers and see slow personal computer sales as a weakness.

RBC Capital reaffirmed its Sector Perform rating for INTC and bumped target price up from $31 to $33.