Intel's Competitive Landscape: Analyst Insights on AMD and Market Growth

Monday, 29 July 2024, 16:02

Rosenblatt analyst Hans Mosesmann has reiterated a Sell rating on Intel (NASDAQ: INTC) with a price target of $17. He anticipates that Intel will achieve modest earnings for the second quarter of fiscal 2024, driven by flat to slightly increased sales growth. The report highlights stabilizing dynamics in the PC market and potential recovery in segments like Altera, Mobileye, and NEX. In conclusion, while Intel is making strides, the strong competition from AMD remains a significant challenge.
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Intel's Competitive Landscape: Analyst Insights on AMD and Market Growth

Intel's Q2 Growth Predictions

Rosenblatt analyst Hans Mosesmann has expressed concerns about Intel Corp's ability to remain competitive, particularly against AMD. He maintains a Sell rating on Intel stocks with a price target set at $17.

Key Insights for Q2

  • Fiscal Performance: Intel is expected to deliver inline fiscal 2024 second-quarter earnings.
  • Sales Growth: Projections indicate flat to slightly up sales growth.
  • Market Dynamics: Trends suggest stabilizing PC dynamics influencing sales.
  • Segment Recovery: Anticipated bottoming out in segments like Altera, Mobileye, and NEX.

In summary, while Intel shows potential for modest growth, its enduring challenge with AMD's competition cannot be overlooked.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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