Intel (INTC) Stock Plummets as Expensive Investments Expected to Pressure Margins and FCF, Prompting Three Downgrades to Neutral
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Intel (INTC) Stock Downgraded to Market Perform at BMO as Analyst Struggles to See Scenario Where Shares Rally
October 26, 2021 7:31 AM EDTBMO Capital Markets analyst Ambrish Srivastava downgraded shares of Intel (NASDAQ: INTC) to Market Perform from Outperform with a price target of $52.00 per share (down from $60.00).
Srivastava simply doesnt see a near-term scenario that assumes shares outperformance. The analyst believes earnings are likely to stay depressed for a while before we see a clearer path to... More
Intel (INTC) PT Lowered to $60 at BMO Capital
October 22, 2021 8:07 AM EDTBMO Capital analyst Ambrish Srivastava lowered the price target on Intel (NASDAQ: INTC) to $60.00 (from $70.00) while maintaining an Outperform rating.
The analyst commented, "Intel provided an earlier look at the model as the company transitions to one that includes large investments needed to... More
Intel (INTC) PT Lowered to $44 at Goldman Sachs
October 22, 2021 6:26 AM EDTGoldman Sachs analyst Toshiya Hari lowered the price target on Intel (NASDAQ: INTC) to $44.00 (from $51.00) while maintaining a Sell rating.
"It is increasingly clear that Intel's intended path to process node parity/leadership will require higher levels of capex and entail... MoreIntel (INTC) PT Lowered to $45 at Barclays
October 22, 2021 5:52 AM EDTBarclays analyst Blayne Curtis lowered the price target on Intel (NASDAQ: INTC) to $45.00 (from $50.00) while maintaining a Underweight rating.... More
UPDATE: BofA Securities Outlines Its Concerns on Intel (INTC) Painting a Dire Picture, PT Lowered to $45
October 22, 2021 5:49 AM EDT(Updated - October 22, 2021 7:56 AM EDT)
BofA Securities analyst Vivek Arya lowered the price target on Intel (NASDAQ: INTC) to $45.00 (from $52.00) remaining cautious on INTC as the companys strategic & financial challenges continue to rise. Concerns highlighted in the report... More
Intel (INTC) PT Lowered to $55 at Evercore ISI
October 22, 2021 4:25 AM EDTEvercore ISI analyst C.J. Muse lowered the price target on Intel (NASDAQ: INTC) to $55.00 (from $60.00) while maintaining a Underperform rating.... More
UPDATE: UBS Downgrades Intel (INTC) to Neutral
October 22, 2021 4:19 AM EDT(Updated - October 22, 2021 4:20 AM EDT)
UBS analyst Timothy Arcuri downgraded Intel (NASDAQ: INTC) from Buy to Neutral with a price target of $58.00 (from $73.00).
The analyst comments "The unexpected disclosure around the new long-term financial model, capex, and margin trajectory finally provides a framework for... More
UPDATE: Mizuho Securities Downgrades Intel (INTC) to Neutral
October 22, 2021 4:17 AM EDT(Updated - October 22, 2021 4:18 AM EDT)
Mizuho Securities analyst Vijay Rakesh downgraded Intel (NASDAQ: INTC) from Buy to Neutral with a price target of $55.00 (from $70.00).
The analyst comments "INTC on its earnings call today announced a significant ~100% ramp in Foundry... More
Morgan Stanley Downgrades Intel (INTC) to Equalweight
October 22, 2021 4:04 AM EDTMorgan Stanley analyst Joseph Moore downgraded Intel (NASDAQ: INTC) from Overweight to Equalweight with a price target of $55.00 (from $67.00).
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 $56.00 yesterday.
... MoreIntel shares sink as third-quarter sales miss estimates
October 21, 2021 4:06 PM EDTBy Stephen Nellis and Tiyashi Datta
(Reuters) - Shares of Intel Corp sank on Thursday as the company reported third-quarter sales that missed expectations, with Chief Executive Officer Pat Gelsinger telling Reuters that shortages of ancillary chips needed to make full computers are holding back sales of the company's flagship processor chips.
The company's leaders also said that margins will be lower for several years and that it will spend heavily to revamp its chip factories. Shares of Santa Clara, California-based Intel, the world's biggest maker of central processors at the heart of PCs and data center... More