Intel 2013 Forecast is Likely Overshooting Reality According to Analyst Note
Chris Danely, an analyst for J.P. Morgan believes that Intel (NASDAQ: INTC) is too optimistic on this year's forecast. Specifically Danely noted that Intel's average estimates and growth prospects are too high.
He went on to note that supply and demand imbalances may cause inventory correction in fiscal 2013. Also, nearly every company in Asia PC supply chain has forecast below average first quarter shipments.
Taking it one step further, J.P. Morgan's Asia hardware team has estimated that notebook shipments are expected to decline 12 percent (QoQ), rather than the typical decline of 10 percent (QoQ).
INTC is currently down 0.75 percent in Thursday's trading session.
Latest Ratings for INTC
|Nov 2014||Imperial Capital||Maintains||Outperform|
|Nov 2014||Stifel Nicolaus||Maintains||Buy|
|Nov 2014||Bernstein||Downgrades||Market Perform||Underperform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.