Intel (NASDAQ:INTC) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 — Summit Insights Group Downgrades Buy → Hold 01/23/2024 -61.36% Rosenblatt → $17 Reiterates Sell → Sell 01/23/2024 13.64% Cantor Fitzgerald → $50 Initiates Coverage On → Neutral 01/19/2024 22.73% Raymond James $48 → $54 Maintains Outperform 01/18/2024 -4.55% Susquehanna $38 → $42 Maintains Neutral 01/16/2024 0% Barclays $32 → $44 Maintains Equal-Weight 01/04/2024 50% Tigress Financial $46 → $66 Maintains Buy 01/02/2024 2.27% Stifel $38 → $45 Maintains Hold 12/15/2023 13.64% B of A Securities $32 → $50 Upgrades Underperform → Neutral 12/12/2023 9.09% Raymond James $42 → $48 Maintains Outperform 12/05/2023 18.18% Benchmark $42 → $52 Maintains Buy 11/16/2023 13.64% Mizuho $37 → $50 Upgrades Neutral → Buy 10/27/2023 -11.36% Morgan Stanley $35 → $39 Maintains Equal-Weight 10/27/2023 -61.36% Rosenblatt → $17 Reiterates Sell → Sell 10/27/2023 -9.09% Needham

Intel (INTC) late Thursday reported non-GAAP Q4 net income of $0.54 per share, improving on net income of $0.15 per share during the same quarter in 2022. Analysts polled by Capital IQ, on average, had been looking for normalized earnings of $0.45 per share by the chipmaker. Revenue for the three months ended Dec. 31 rose to $15.41 billion, compared with $14.04 billion a year ago. The analyst consensus was for $15.17 billion. Intel is projecting a non-GAAP profit of $0.13 per share on between $12.2 billion to $13.2 billion in revenue for the current quarter ending March 31. The Street sees the company earning $0.32 per share in Q1 on revenue of $14.15 billion. Intel shares slumped more than 10% in premarket activity Friday.

By Asa Fitch Intel gave a tepid outlook for sales in its current quarter, signaling further challenges for its business amid signs that the PC market is starting to recover. The company said sales were $15.4 billion for the fourth quarter, up from $14 billion a year before. Intel also made $2.7 billion of profit, reversing a loss in the year-ago period. For its current quarter, Intel forecast between $12.2 billion and $13.2 billion of sales, higher than the same period last year but behind Wall Street expectations in a survey of analysts by FactSet. Chief Executive Pat Gelsinger said the outlook was affected by factors including a rocky market for a programmable-chip unit that Intel is aiming to IPO and weaker-than-anticipated sales for Mobileye Global, an autonomous driving tech company in which Intel owns a majority stake. Mobileye, which went public in 2022, made $637 million of sales for

Raymond James analyst Srini Pajjuri maintains Intel (NASDAQ:INTC) with a Outperform and lowers the price target from $54 to $52.