Analyst Coverage Change
Susquehanna’s (Rank#74) analyst Christopher Rolland, just released a research report today, upgrading Intel’s stock to a “Neutral” rating from a “Sell”, citing improvements in the company’s competitive position in the PC market and better execution by its management team. The analysts also increased his 12 month target forecast to $26 from $23 per share.
Rolland also noted that some of his previous concerns about the company have lessened or abated, including the threat of AMD gaining PC market share and delays in Intel’s product roadmap. Rolland did caution that major issues still remain for the company, including softness in its data-center forecast. Despite the upgrade, Rolland did not turn bullish on Intel’s stock. He also upgraded shares of Qualcomm and Skyworks Solutions to positive from neutral.
Recent Analyst Ratings on INTC:
- Raymond James resumed coverage on Intel with an “Outperform” rating and a target price of USD 30 on March 2, 2023.
- Morgan Stanley & Co. upgraded Intel’s rating from “Equal-Weight” to “Equal-Weight” and lowered the target price from USD 29.5 to USD 28 on February 23, 2023.
- Mizuho Securities lowered the target price on Intel from USD 29 to USD 29 on January 31, 2023.
- Sanford C. Bernstein & Co. significantly lowered the target price on Intel from USD 20 on January 31, 2023.
- Rosenblatt Securities maintained a “Sell” rating on Intel and lowered the target price from USD 20 to USD 17 on January 27, 2023.
- Barclays maintained an “Equal-Weight” rating on Intel and lowered the target price from USD 30 to USD 27 on January 27, 2023.
- Credit Suisse Group maintained a “Neutral” rating on Intel and lowered the target price from USD 28 to USD 25 on January 27, 2023.
- Deutsche Bank maintained a “Hold” rating on Intel and lowered the target price from USD 32 to USD 28 on January 27, 2023.
- J.P. Morgan Chase & Co maintained an “Underweight” rating on Intel and lowered the target price from USD 32 to USD 28 on January 27, 2023.
INTC Stock Forecast & Analysis
The consensus analyst target price for Intel Corporation, is USD 27.90 over the next 12 months. This means that based on the consensus of 37 analysts, the market expects Intel’s stock price to decline slightly over the next 12 months. The average analyst rating for Intel Corporation is “Hold,” which suggests that the stock is not expected to perform significantly better or worse than the overall market.
Stock Target Advisor’s own stock analysis, has a slightly bearish outlook on Intel Corporation’s stock. This is based on a combination of positive and negative signals.
As of the last closing, Intel Corporation’s stock price was USD 28.41, which is slightly above the average analyst target price. The stock has shown some volatility in the short term, with a 9.35% increase over the past week, but a decline of 1.53% over the past month. Over the last year, the stock has declined by 36.60%, which may be a concern for some investors.
