7/103 sources · 2 publishersUpdated Oct 22, 18:55 UTC
Shares fall as Susquehanna trims target ahead of Intel earnings
Intel shares declined ahead of its third-quarter earnings report. Susquehanna lowered its price target to $105 from $115 while keeping a Neutral rating. Intel's third-quarter revenue outlook is $15.8B-$16.8B and its EPS forecast is 38c, versus analyst expectations of $16.45B revenue and 39c EPS.
Why it matters
The lower target reduces Susquehanna's valuation view while its Neutral rating remains unchanged. The earnings release could clarify whether supply constraints leave Intel below the analyst revenue and EPS expectations reported in the materials.
Key facts
- 1Susquehanna cut its Intel price target to $105 from $115 and retained a Neutral rating. gurufocus.com
- 2Intel's third-quarter outlook calls for revenue of $15.8B-$16.8B and EPS of 38c. finance.yahoo.com
- 3Analysts were expecting $16.45B in revenue and 39c EPS for the third quarter. finance.yahoo.com
- 4Intel's second-quarter revenue was $16.1B, while Data Center and AI revenue increased 59% YoY. gurufocus.com
- 5Intel shares were quoted at $87.62 after the decline. gurufocus.com
Open questions
- The reported share-price decline is 5% in material 1 versus 5.74% in materials 2 and 3.
- Material 1 refers to analyst targets of $105 and $95 without identifying which analysts set each target.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.