Analysts Cut Intel Price Target Post Q4 Results

Anusuya Lahiri

Thu, Jan 27, 2022, 12:07 PM1 min read

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Analysts slashed their price targets on Intel Corp (NASDAQ: INTC) following lackluster Q1 guidance.

Citi analyst Christopher Danely lowered the price target to $55 from $58 (13% upside) and reiterated a Neutral.
The company reported a strong Q4 due to strength in PCs and servers but gave "very poor" guidance due to heavy investing, a 14-week quarter, and an inventory correction in PCs.
He lowered estimates for Intel post the results.
Mizuho analyst Vijay Rakesh maintained Intel with a Neutral and lowered the price target from $55 to $53 (8% upside).
Credit Suisse analyst John Pitzer lowered the price target to $70 from $80 (43% upside) and maintained an Outperform.
The analyst notes Intel reported Q4 revenue and EPS well above consensus and guided Q1 revenue above estimates but EPS well below consensus on a modest gross margin miss, modestly higher TR, and significantly higher OpEx.
Price Action: INTC shares traded lower by 5.86% at $48.66 on the last check Thursday.

Latest Ratings for INTC

Jan 2022	UBS	Maintains	Neutral
Jan 2022	Credit Suisse	Maintains	Outperform
Jan 2022	Mizuho	Maintains	Neutral

View More Analyst Ratings for INTC
View the Latest Analyst Ratings

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