Intel Likely To Post Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Intel Corporation INTC is expected to report its second-quarter financial results, after the closing bell on July 27, 2023.

Analysts expect the company to post a quarterly loss at 3 cents per share, versus a year-ago profit of 29 cents per share. The company’s revenue might come in at $10.97 billion.

Intel shares rose 0.8% to close at $34.36 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Mizuho analyst Vijay Rakesh maintained a Neutral rating and raised the price target from $30 to $33 on July 24, 2023. This analyst has an accuracy rate of 72%.
• Wolfe Research analyst Chris Caso initiated coverage on the stock with an Outperform rating and a price target from $27 on July 20, 2023. This analyst has an accuracy rate of 86%.
• Susquehanna analyst Christopher Rolland maintained a Neutral rating and raised the price target from $33 to $35 on July 19, 2023. This analyst has an accuracy rate of 75%.
• Citigroup analyst Christopher Danely maintained a Neutral rating on the stock and raised the price target from $29.5 to $34 on July 18, 2023. This analyst has an accuracy rate of 82%.
• Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $36 on June 22, 2023. This analyst and has an accuracy rate of 82%.

Read This Next: Top 5 Tech Stocks That May Crash This Month