Intel

Goldman Sachs analyst Toshiya Hari reiterated a Sell rating on Intel Corp (NASDAQ:INTC) with a price target of $28. Ahead of Intel’s 3Q23 EPS release scheduled for October 26, Hari updated the earnings model (i.e., reduced out-year gross margins and EPS) and discussed critical debates that have come up in recent conversations with investors. While he recognized the improving PC and stabilizing enterprise server demand backdrop, the company’s improved execution (i.e., on-time process technology and product ramps), and potential benefits associated with ongoing cost optimization initiatives, he remained Sell-rated on the stock and awaited signs of a stabilization in Data Center wallet share before potentially turning more constructive. Hari reduced FY23, FY24, and FY25 non-GAAP gross margins from 40.7%, 47.1%, and 50.2% to 40.6%, 42.5%, and 47.7% as he now assumes stronger headwinds resulting from the ramp of new products on new process technologies. Hari’s FY23, FY24, and FY25 non-GAAP […]

September 5, 2023 Update: Intel (NASDAQ:INTC) Stock Technical Analysis From the analysis of the candlestick chart, the probability of short-term stock price breaking through upward is extremely high, short-term trading has a certain profit space, it is recommended to preset the stop loss price of $35, the target price of $40, short-term trading above $35 high selling low absorption. Daily candlestick chart From the fundamental analysis of financial statements Second-quarter revenue of $12.9 billion, market expectations of $12.02 billion; third-quarter adjusted revenue of $12.9 billion to $13.9 billion, market expectations of $13.28 billion; third-quarter adjusted earnings per share of $0.20, market expectations of $0.13; third-quarter adjusted gross margin of 43%, market expectations of 40.9%, and expected moderate recovery in the second half of the year. Technical Analysis Historical Forecast Record:

Intel (NASDAQ:INTC) Sees Q3 EPS $0.20 Vs $0.16 Est., Revenue $12.9B-$13.9B Vs $13.23B Est., Gross Margin 43%。

Intel (NASDAQ:INTC) Posts Q2 EPS of $0.13 on R evenue of $12.9 Billion, Vs CIQ Analyst Consensus of Loss of $0.03/Share on Revenue of $12.1 Billion。

Wedbush analyst Matthew Bryson maintains Intel (NASDAQ:INTC) with a Neutral and raises the price target from $30 to $35.

Intel (NASDAQ:INTC) Executive At TD Cowen Conference Says He Sees Q2 Revenue At The Upper-Half And Its Likely Tracking $12B-$12.5B Vs $12.03B Est.