Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2
Portfolio Pulse from Anusuya Lahiri
Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp (NASDAQ:INTC) with a price target of $17, citing competition from AMD as a key challenge. Mosesmann expects Intel to deliver inline Q2 earnings with modest growth guidance for Q3. He projects lower-than-consensus revenue and EPS for fiscal 2024 and 2025. Intel stock has lost over 13% in the last 12 months. Investors can gain exposure through Vanguard Value ETF (NYSE:VTV) and Vanguard Information Tech ETF (NYSE:VGT).
July 29, 2024 | 4:02 pm
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NEGATIVE IMPACT
Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel with a price target of $17, citing competition from AMD as a key challenge. Mosesmann expects Intel to deliver inline Q2 earnings with modest growth guidance for Q3. He projects lower-than-consensus revenue and EPS for fiscal 2024 and 2025.
The analyst's Sell rating and lower-than-consensus projections for revenue and EPS indicate a negative outlook for Intel. The competition from AMD is highlighted as a significant challenge, which could impact Intel's market share and financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Investors can gain exposure to Intel through Vanguard Information Tech ETF (VGT). The negative outlook on Intel could impact VGT's performance.
Since VGT holds Intel shares, the negative outlook on Intel could impact the ETF's performance. However, the overall impact may be mitigated by the ETF's diversified holdings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Investors can gain exposure to Intel through Vanguard Value ETF (VTV). The negative outlook on Intel could impact VTV's performance.
Since VTV holds Intel shares, the negative outlook on Intel could impact the ETF's performance. However, the overall impact may be mitigated by the ETF's diversified holdings.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Advanced Micro Devices (AMD) is gaining market share with its EPYC4 and newer EPYC5 road maps, posing a significant challenge to Intel. This competitive advantage is expected to impact Intel's server segment growth.
AMD's competitive advantage with its EPYC4 and EPYC5 road maps is expected to impact Intel's server segment growth, which could positively influence AMD's market position and financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50