RBC Capital Boosts Estimates, Price Target on Intel (INTC) Ahead of Q1 Results
Get Alerts INTC Hot Sheet
Price: $35.11 +1.77%
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
RBC Capital raised estimates and its price target on Outperform-rated Intel (NASDAQ: INTC) from $30 to $33 ahead of Q1 earnings on April 17th.
Analyst Doug Freedman believes the mid-point of Intel's guidance, or $12.8bil (range $12.3bil-$13.3bil), proves to be a low-bar driven primarily by Romley strength, as they believe Enterprise and Data Center markets remain strong.
He raised Q1 revenue/EPS estimate to $13.06bil/$0.55 versus prior $12.67bil/$0.50 and Street $12.83bil/$0.50.
For Q2, upside could be driven by impact from Ivy Bridge introduction the coming week. "Due to a delayed launch, we believe initial unit shipments will be material and result in a favorable ASP mix in the quarter and into a seasonally stronger selling season," the analyst said.
Q2 revenue/EPS estimate was raised to $13.52bil/$0.58 vs. prior $13.18bil/$0.54 and Street $13.40bil/$0.54.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $27.76 yesterday.
Analyst Doug Freedman believes the mid-point of Intel's guidance, or $12.8bil (range $12.3bil-$13.3bil), proves to be a low-bar driven primarily by Romley strength, as they believe Enterprise and Data Center markets remain strong.
He raised Q1 revenue/EPS estimate to $13.06bil/$0.55 versus prior $12.67bil/$0.50 and Street $12.83bil/$0.50.
For Q2, upside could be driven by impact from Ivy Bridge introduction the coming week. "Due to a delayed launch, we believe initial unit shipments will be material and result in a favorable ASP mix in the quarter and into a seasonally stronger selling season," the analyst said.
Q2 revenue/EPS estimate was raised to $13.52bil/$0.58 vs. prior $13.18bil/$0.54 and Street $13.40bil/$0.54.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $27.76 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MarineMax (HZO) PT Lowered to $35 at Stifel
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
- TechnipFMC (FTI) PT Raised to $30 at BTIG
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
RBC Capital, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!