The company’s quarterly earnings of 18 cents per share beat the consensus estimate by 28.57%. However, sales of $12.72 billion missed estimates by 0.44%.…
In his latest research note, analyst Toshiya Hari confirms his negative recommendation. The broker Goldman Sachs is keeping its Sell rating. The target price is revised downwards from USD 39 to USD.
Intel stock: don't hold your breath for a swift recovery invezz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from invezz.com Daily Mail and Mail on Sunday newspapers.
"Intel is back," CEO Pat Gelsinger proclaims. But some analysts, like those at Oppenheimer, "remain on sidelines" due to weak demand
Intel shares tumbled Friday as analysts at Goldman Sachs and Bank of America lowered their price targets for the chip maker, a day after the company's weak guidance overshadowed better-than-expected first-quarter revenue and profit.