'Unmitigated Disaster', 'Generational Miss', 'What Exactly the Bull Case is'... Analysts Destroy Intel, See More Downside

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Go back to 'Unmitigated Disaster', 'Generational Miss', 'What Exactly the Bull Case is'... Analysts Destroy Intel, See More Downside

Intel (INTC) PT Lowered to $37 at Jefferies on Miss

July 29, 2022 8:10 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on Intel (NASDAQ: INTC) to $37.00 (from $48.00) while maintaining a Hold rating.

The analyst commented, "INTC missed Q2/Q3 EPS by 59%/60%. Q2 GM dropped to mid-40s, its server CPU is delayed, and Data Center... More

Needham & Company 'Buying Weakness' in Intel (INTC)

July 29, 2022 7:11 AM EDT

Needham & Company analyst N. Quinn Bolton reiterated a Buy rating and $40.00 price target on Intel (NASDAQ: INTC), telling clients to buy the weakness after dismal results and guidance.

The analyst commented, "Intel's 2Q22 results and updated full-year guidance were disappointing. However, in the... More