Intel Reports Q1 Earnings Beat, Shares Down 4% on Worse Than Expected Q2 Guidance

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Go back to Intel Reports Q1 Earnings Beat, Shares Down 4% on Worse Than Expected Q2 Guidance

Intel (INTC) PT Lowered to $55 at Needham & Company

April 29, 2022 7:08 AM EDT

Needham & Company analyst Quinn Bolton lowered the price target on Intel (NASDAQ: INTC) to $55.00 (from $60.00) while maintaining a Buy rating.

The analyst commented, "Intel reported 1Q22 results that were modestly better than expectations, with a stronger GM the main standout. However, the... More