Intel (INTC) PT Lowered to $52 at Jefferies as Margin Pressure Begins and Will Likely Remain

July 23, 2021 8:51 AM EDT
Get Alerts INTC Hot Sheet
Price: $55.12 --0%

Rating Summary:
    28 Buy, 20 Hold, 13 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 9
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Jefferies analyst Mark Lipacis lowered the price target on Intel (NASDAQ: INTC) to $52.00 (from $54.00) while maintaining a Hold rating after 2Q EPS beat by 19%, but the 3Q21 EPS outlook came in $0.10/9% below ex-1x tax benefit.

The analyst stated "Intel's business model is transitioning from 100% IDM to one where it is at the same time a foundry, user of foundries and an IDM. At the same time, INTC's market dominance is getting whittled away by NVDA, AMD, Ampere and home-grown ARM solutions from its biggest customers. We expect continued pressure on margins."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co