00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intel fell 3.2% in Thursday's pre-market session as semiconductor stocks weakened alongside
00:09softer tech-led index futures, according to Benzinga. NASDAQ futures slipped 0.41%,
00:16while S&P 500 futures fell 0.17%, reflecting a cautious trading setup.
00:22Northland on Monday downgraded Intel to market perform from Outperform,
00:26citing valuation concerns after a nearly 500% rally over the past year.
00:30Analyst Gus Richard argued shares already reflect an optimistic recovery scenario
00:35and warned hyperscaler data center spending could slow in 2027.
00:40Intel trades above its 20-day, 50-day, 100-day, and 200-day moving averages,
00:47but MACD momentum has cooled.
00:50Analysts at Citigroup and Benchmark rate the stock buy,
00:54with price targets of $130 and $140, respectively.
00:59Earnings are estimated for July 23, 2026,
01:02with EPS of 19 cents and revenue of $14.40 billion.
01:07For all things money, visit Benzinga.com.
Comments