Intel (INTC) PT Lowered to $60 at BMO Capital

Intel (INTC) Stock Downgraded to Market Perform at BMO as Analyst Struggles to See Scenario Where Shares Rally

October 26, 2021 7:31 AM EDT

BMO 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 $52 at Citi

October 22, 2021 7:48 AM EDT

Citi analyst Christopher Danely lowered the price target on Intel (NASDAQ: INTC) to $52.00 (from $57.00) while maintaining a Neutral rating.... More

Intel (INTC) PT Lowered to $55 at Susquehanna

October 22, 2021 7:17 AM EDT

Susquehanna analyst Christopher Rolland lowered the price target on Intel (NASDAQ: INTC) to $55.00 (from $60.00) while maintaining a Neutral rating.... More

Northland Capital Explains Why Intel (INTC) Has Farther To Drop, Reiterates Underperform

October 22, 2021 7:16 AM EDT

Northland Capital Markets analyst Gus Richard reiterated an Underperform rating and $42.00 price target on Intel (NASDAQ: INTC) after the company reported a solid quarter and left full year EPS guidance unchanged excluding a 1x McAfee-related dividend. INTC indicated that it expects GM to... More

Intel (INTC) PT Lowered to $52 at Truist Securities

October 22, 2021 7:14 AM EDT

Truist Securities analyst William Stein lowered the price target on Intel (NASDAQ: INTC) to $52.00 (from $60.00) while maintaining a Hold rating.... More

Intel (INTC) PT Lowered to $55 at Deutsche Bank

October 22, 2021 6:45 AM EDT

Deutsche Bank analyst Ross Seymore lowered the price target on Intel (NASDAQ: INTC) to $55.00 (from $58.00) while maintaining a Hold rating.... More

Intel (INTC) PT Lowered to $44 at Goldman Sachs

October 22, 2021 6:26 AM EDT

Goldman 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... More

Intel (INTC) Stock Plummets as Expensive Investments Expected to Pressure Margins and FCF, Prompting Three Downgrades to Neutral

October 22, 2021 6:21 AM EDT

Intel (NASDAQ: INTC) stock is down 10% in pre-open Friday on mixed Q3 results and disappointing guidance and commentary.

Intel delivered EPS of $1.71 to easily top the Street consensus of $1.11, while revenue came in at $18.1 billion to miss on the $18.24 billion consensus. CEO Pat Gelsinger blamed disappointing sales and demand on the overall supply challenges of the semiconductor industry.

Intel stock was further hit after the company warned its gross margin and free cash flow will decline over the next 2-3 years as a significant portion of generated revenues will be... More

Intel (INTC) PT Lowered to $45 at Barclays

October 22, 2021 5:52 AM EDT

Barclays 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 EDT

Evercore 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 EDT

Morgan 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.

... More

Intel (INTC) Says 2022 Rev. Will be at Least $74B, Est. $73.5B - Bloomberg

October 21, 2021 5:35 PM EDT

Intel (NASDAQ: INTC) Says 2022 Rev. Will be at Least $74B, Est. $73.5B - Bloomberg

... More

Intel (INTC) Stock Sinks 7% as Q3 Revenue Misses, Guidance Disappoints and CFO Exits

October 21, 2021 4:31 PM EDT

Intel (NASDAQ: INTC) shares were trading more than 7% lower after-hours Thursday following the companys Q3 results, with better-than-expected EPS, but missed revenue and fourth-quarter guidance.

The company delivered quarterly EPS of $1.71 (vs. Streets $1.11) and revenue of $18.1 billion (vs. Streets $18.24... More

AMD (AMD) Climbs After Intel (INTC) Results Disappoint

October 21, 2021 4:09 PM EDT

AMD (NASDAQ: AMD) Climbs After Intel (NASDAQ: INTC) Results Disappoint

AMD +1.7%INTC -6%... More

Intel shares sink as third-quarter sales miss estimates

October 21, 2021 4:06 PM EDT

By 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

Intel (INTC) CFO George Davis announced plans to retire in May 2022

October 21, 2021 4:06 PM EDT

Intel (NASDAQ: INTC) CFO George Davis announced plans to retire in May 2022.

... More

Intel (INTC) Tops Q3 EPS by 60c, Q4 Guidance Misses

October 21, 2021 4:01 PM EDT

(Updated - October 21, 2021 4:03 PM EDT)

Intel (NASDAQ: INTC) reported Q3 EPS of $1.71, $0.60 better than the analyst estimate of $1.11. Revenue for the quarter came in at $18.1 billion versus the consensus estimate of $18.24 billion.

GUIDANCE:

Intel sees Q4 2021 EPS of $0.90, versus... More