Intel Stock's Downward Spiral: Can Q2 Earnings Spark A Reversal?
Portfolio Pulse from Surbhi Jain
Intel Corp (NASDAQ: INTC) is set to report its Q2 earnings on Thursday, with Wall Street expecting 10 cents in EPS and $12.94 billion in revenues. The stock has been in a strongly bearish trend, down 14.06% over the past year and -38.83% YTD. Despite the bearish technical indicators, there is underlying buying pressure suggesting potential bullish opportunities. Analysts have a Neutral rating with a price target of $39.82, indicating a 13.36% upside.
August 01, 2024 | 3:16 pm
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Intel Corp (NASDAQ: INTC) is set to report Q2 earnings with expectations of 10 cents in EPS and $12.94 billion in revenues. The stock is in a bearish trend but shows potential for bullish movement due to underlying buying pressure. Analysts have a Neutral rating with a price target of $39.82, suggesting a 13.36% upside.
Intel's stock is currently in a bearish trend, but the upcoming Q2 earnings report could act as a catalyst for a reversal. The underlying buying pressure and analyst ratings suggesting a 13.36% upside provide a positive outlook for potential bullish movement.
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