Rosenblatt lowered the firm’s price target on Intel (INTC) to $14 from $18 and keeps a Sell rating on the shares. Intel reported a beat to estimates driven by what management characterized as customers purchasing ahead of potential tariffs, the analyst tells investors in a research note. The firm says Intel is cautious on Q2 demand, which led to guidance missing consensus significantly. Near-term, Rosenblatt expects continued market share losses in PC and servers for Intel.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel’s Leadership Transition and Strategic Challenges: A Long-term Hold Recommendation
- Intel price target lowered to $21 from $22 at UBS
- Intel price target lowered to $22 from $25 at Wells Fargo
- Intel’s Strategic Overhaul: Balancing Organizational Changes and Long-term Competitiveness Amidst Uncertainty
- Intel’s Hold Rating: Navigating Tariff Challenges, Cost Cuts, and Management Changes
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue