This closing price is near the stock’s 52-week low of $18.51, indicating a challenging period for the company. 
Analysts have recently adjusted their outlook on Intel. Northland Securities reduced their price target from $42.00 to $28.00, maintaining an “outperform” rating. Bank of America reiterated an “underperform” rating with a $21.00 target price, and Rosenblatt Securities maintained a “sell” rating with a $17.00 target price. The consensus among 32 analysts is a “Hold” rating, with an average target price of $29.96. 
In its latest quarterly earnings report on October 31, 2024, Intel reported a loss of $0.46 per share, missing the consensus estimate of a $0.02 loss. Revenue for the quarter was $13.30 billion, a 6.3% decrease compared to the same period last year. 
Looking ahead, forecasts suggest continued volatility. Projections for January 2025 anticipated a beginning price of $20.05, with a potential low of $16.50 and a high of $20.98, averaging around $18.90. The month concluded at $18.06, representing a 9.9% decrease. 
In summary, Intel’s stock is experiencing a downturn, influenced by recent earnings misses and cautious analyst outlooks. Investors should monitor upcoming earnings reports and market trends for further insights into the company’s performance.
Comments