Various analysts weighed in on Intel Corporation(NASDAQ:INTC) after the company reported earnings this week. Jefferies raised its price target for Intel shares to $35 following the company’s Q1 results and keeps a Buy rating on the stock.
Wells Fargo says that Intel’s gross margin for its March quarter beat expectations, while the company guided for sequential revenue growth for its June quarter. The firm thinks the company is making some headway in penetrating the tablet market, and keeps an Outperform rating on the shares.
Deutsche Bank raised its price target for Intel shares to $30 citing the company’s “solid” Q1 results. The firm views Intel’s second half guidance as conservative and keeps a Buy rating on the stock.
B. Riley downgraded Intel to Neutral citing a lack of second half of 2014 catalysts following the company’s “mixed” Q1 results. The firm raised its price target for shares to $29 from $28.50.
Analysts have a consensus price target of $26.56 on Intel Corporation(NASDAQ:INTC) which indicates a 1.8% downside. The consensus rating of the stock is a HOLD with a score of 2.34. There are currently 18 Hold Ratings, 17 Buy ratings 1 Strong Buy rating and 5 Sell ratings on the stock.
Suggested Reading: Most Profitable Small Businesses
