Intel Analysts Boost Their Forecasts Following Upbeat Q2 Results
Portfolio Pulse from Lisa Levin
Intel Corporation reported better-than-expected Q2 results with revenue of $12.9 billion, beating the Street consensus estimate of $10.97 billion. The company also issued strong guidance for Q3. Following the announcement, Intel shares gained 6.3% in pre-market trading. Several analysts, including those from Deutsche Bank, Wolfe Research, Barclays, Needham, and JP Morgan, have revised their price targets on Intel.
July 28, 2023 | 11:34 am
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Intel's better-than-expected Q2 results and strong Q3 guidance have led to a positive market response and revised price targets from several analysts.
Intel's strong Q2 results and Q3 guidance have exceeded market expectations, leading to a positive market response and revised price targets from several analysts. This is likely to have a positive short-term impact on Intel's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100