Intel Analyst Flags 'Operational Missteps' After Earnings Shock
Portfolio Pulse from Surbhi Jain
Intel's latest earnings report shows a significant decline, with an EPS of 2 cents and revenue of $12.83 billion. The company faces operational missteps and muted demand, leading to a lowered price target from JPMorgan. Intel's stock is experiencing strong selling pressure and a bearish trend.
August 02, 2024 | 3:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Intel reported disappointing earnings with an EPS of 2 cents and revenue of $12.83 billion. JPMorgan lowered its price target to $26 due to operational missteps and muted demand. The stock is experiencing significant selling pressure and a bearish trend.
Intel's disappointing earnings and lowered price target from JPMorgan indicate significant challenges. The stock's bearish trend and selling pressure suggest further downside risk in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100