From Investing.com:



Intel Corporation has been the focus of multiple analyses by Wall Street firms. The article consolidates various outlooks and projections offered by analysts. Intel’s financial performance has been under close scrutiny, and analysts have raised revenue and EPS estimates for fiscal years 2024E and 2025E, reflecting confidence in Intel’s growth trajectory. Upcoming server product launches and foundry customer announcements are expected to drive market share gains and improve margins. However, Intel is facing competition from ARM-based chip manufacturers, and challenges in gaining share for Intel Foundry Services (IFS) are causes for concern. The potential spinoff of the Altera FPGA segment could unlock significant shareholder value, suggesting room for growth.

Mizuho Securities USA LLC upgraded Intel to Buy with a price target of $50.00 from $37.00, while Barclays Capital Inc. and J.P. Morgan Securities LLC maintained Equal Weight and Underweight ratings, respectively. Deutsche Bank Securities Inc. maintained a Hold rating with a price target of $38.00. InvestingPro offers real-time data and insights, and a range of tips on Intel Corporation’s financial performance, industry positioning, and market trends. InvestingPro subscription is now on a special Cyber Monday sale with a discount of up to 60% and an additional 10% off a 2-year subscription with the code research23.



Original: Wall Street eyes Intel’s market moves By Investing.com