Intel Likely To Post Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Intel Corporation (NASDAQ:INTC) is expected to report a Q2 loss of 3 cents per share, compared to a profit of 29 cents per share a year ago. Revenue is projected to be $10.97 billion. Intel's stock closed at $34.36 on Wednesday, up 0.8%. Several analysts have recently updated their price targets for Intel, with targets ranging from $33 to $36.
July 27, 2023 | 1:24 pm
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NEGATIVE IMPACT
Intel is expected to report a Q2 loss, which could negatively impact its stock price. However, several analysts have recently raised their price targets, which could provide some upward pressure.
Intel's expected Q2 loss could lead to a decrease in its stock price as it indicates a potential decline in the company's profitability. However, the recent increase in price targets by several analysts suggests that they see potential for the stock's price to increase, which could counteract some of the negative impact of the expected loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100