TECH - Intel Analysts Aren't Totally Impressed By Q3 Results: Nvidia May Be A Customer 'At Some Point' | Benzinga
Shares of Intel Corporation (NASDAQ: INTC) continued to climb in early trading on Friday, after the company reported healthy third-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
- Bank of America Securities analyst Vivek Arya maintained an Underperform rating, while reducing the price target from $35 to $32.
- Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating, while raising the price target from $35 to $39.
- Goldman Sachs analyst Toshiya Hari reaffirmed a Sell rating, while lifting the price target from $28 to $30.
- Needham analyst Quinn Bolton maintained a Buy rating and price target of $40.
- Oppenheimer analyst Rick Schafer reiterated a Perform rating on the stock.
- KeyBanc analyst John Vinh reaffirmed a Sector Weight rating on the stock.
Check out other analyst stock ratings.
BofA Securities: Intel delivered a solid performance in the third quarter and raised its fourth-quarter guidance, "largely driven by a normalizing PC market,” Arya said in a note.
"Looking into CY24E, we expect sales growth of ...