Analyst Ratings Change
On April 28, 2023, Intel Corp. released their Q1 earnings report and several analyst firms subsequently issued their ratings and price targets for the stock. Here is a breakdown of the 10 analyst ratings on Intel Corp’s stock:
- Benchmark Research upgraded Intel to a Buy rating with a price target of USD 39.
- Wedbush Securities upgraded Intel to a Neutral rating and increased their price target range from USD 20 to USD 30.
- Jefferies & Company issued a Target Up rating on Intel and set their price target at USD 32.
- Needham & Company maintained their Buy rating on Intel and raised their price target range from USD 32 to USD 36.
- Truist Financial maintained their Hold rating on Intel and increased their price target range from USD 29 to USD 32.
- Barclays issued a Target Up rating on Intel with a price target of USD 30.
- Mizuho Securities issued a Target Up rating on Intel with a price target of USD 30.
- J.P. Morgan Chase & Co issued a Target Up rating on Intel and set their price target at USD 30.
- Citigroup maintained their Neutral rating on Intel but lowered their price target range from USD 32 to USD 29.5.
- BMO Capital Markets maintained their Market Perform rating on Intel and raised their price target range from USD 28 to USD 32
- Wells Fargo & Company has upgraded its target price for Intel’s stock from USD 29 to USD 32, indicating a potential upside of 7.2% from the current price of USD 29.86.
- TD Cowen has also increased its target price for Intel from USD 30 to USD 31, suggesting a potential upside of 3.5%.
INTEL Stock Forecast & Analysis
Intel Corporation, a multinational technology company, is one of the leading manufacturers of semiconductor chips and other technology-related products. The company has been in the spotlight recently due to its earnings report, which has led to various analysts providing their opinions on the company’s stock.
According to the Intel Corporation stock forecast from 35 analysts, the average analyst target price for Intel Corporation is USD 30.17 over the next 12 months. This suggests that analysts are generally neutral on the stock, with a slight bearish tone. The average analyst rating for Intel Corporation is “Hold,” indicating a lack of conviction on the stock’s future performance.
Stock Target Advisor’s own stock analysis of Intel Corporation is Slightly Bearish, based on 5 positive signals and 7 negative signals. This analysis provides a more detailed view of the stock’s performance based on several factors such as technical analysis, price momentum, and trading volume.
At the last closing, Intel Corporation’s stock price was USD 29.86, which is slightly below the average analyst target price. This suggests that the market may not fully agree with the analyst’s view of the stock’s future performance.
Looking at the past performance of Intel Corporation’s stock, it has changed by -3.24% over the past week, +2.33% over the past month, and -33.97% over the last year. This indicates that the stock has been volatile, and investors should be cautious when investing in it.
Overall, Intel Corporation’s stock is currently in a state of flux, with analysts having a neutral outlook on its future performance. Investors should weigh the various factors that could impact the stock’s performance, including market trends, industry developments, and the company’s financial health, before making any investment decisions.
