Intel Stock Price Target Increased by Cantor Fitzgerald

Intel Corporation (NASDAQ:INTC) has seen a positive adjustment in its stock price outlook. In a recent report released on Tuesday, analysts at Cantor Fitzgerald raised their price target for Intel shares from $22.00 to $29.00. They currently hold a "neutral" rating for the chip manufacturer’s stock. This new price target suggests a potential increase of approximately 22.88% from the company's previous closing price.

Other Analysts' Insights

Intel is receiving mixed reviews from various analysts. Recently, HSBC upgraded its rating on Intel from "reduce" to "hold," reflecting a slightly more favorable view. On the other hand, Citigroup revised its price target down from $22.00 to $21.00 while maintaining a "neutral" rating. Additionally, Wells Fargo lowered its target from $28.00 to $25.00 and attached an "equal weight" rating to the stock. With the changing opinions from different brokerage firms, the consensus among analysts leans towards holding the stock, with five ratings for a sell, twenty-seven for hold, and one for buy, according to data from MarketBeat. The average price target across analysts stands at $26.88.

Intel's Stock Performance

As of the latest trading session, Intel shares opened at $23.60. Over the past year, the stock has fluctuated significantly, hitting a low of $18.51 and a high of $46.63. Currently, Intel's fifty-day moving average price is $20.38, alongside a 200-day moving average of $21.52. The company boasts a market capitalization of approximately $102.19 billion. However, it currently holds a negative price-to-earnings (PE) ratio of -5.39, indicating struggles in profitability, while its beta stands at 1.08, suggesting it is slightly more volatile than the broader market.

Recent Earnings Report

Intel's latest earnings report was issued on Thursday, January 30th. The company reported earnings per share (EPS) at ($0.02), falling short of the consensus estimate of $0.12 by a margin of $0.14. The results reflect the company's current challenges, showing a negative return on equity of 3.27% and a net margin of -35.32%. Analysts predict Intel will report an EPS of -0.11 for the current fiscal year.

Institutional Investor Activity

Several institutional investors have recently adjusted their stakes in Intel. Vanguard Group, for example, increased its shares in Intel by 1.7% during the fourth quarter, acquiring an additional 6.14 million shares, bringing its total ownership to over 369 million shares valued at approximately $7.4 billion. Similarly, State Street Corp and Geode Capital Management also increased their holdings in the chipmaker, indicating continued interest from institutional players. As a result, institutional investors now comprise approximately 64.53% of Intel's stock ownership.

About Intel Corporation

Intel Corporation is a leading technology company that designs, develops, manufactures, markets, and sells computing products and services worldwide. Its diverse product line includes central processing units (CPUs), chipsets, mobile processors, graphics processing units (GPUs), memory storage solutions, and more, with operations spanning across various segments including Client Computing, Data Center and AI, Mobileye, and Intel Foundry Services.

Intel, Stock, Earnings