What's Going On With Intel Stock?
Portfolio Pulse from Ryan Gustafson
Intel Corporation (NASDAQ:INTC) is set to report its Q2 earnings after the market close. The company is expected to report a loss of three cents per share and revenue of $10.97 billion. Rosenblatt analyst Hans Mosesmann reiterated Intel with a Sell and maintained the $17 price target. Shares of INTC were up 0.3% at $34.37 at the time of publication.
July 27, 2023 | 7:35 pm
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NEGATIVE IMPACT
Intel is expected to report a loss in Q2 earnings. An analyst has reiterated a Sell rating with a $17 price target. The stock was up 0.3% ahead of the earnings report.
The expected loss for Intel's Q2 earnings and the maintained Sell rating from an analyst suggest a negative outlook for the company. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100