Street View: Intel to see another transitional year in 2025
** Intel INTC.O expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter revenue above estimates but warning that it had "a lot of work to do"
** Its shares rise 5.62% to $22.73 premarket
NOT OUT OF THE WOODS YET
** Barclays ("equal weight," PT: $25) says it is encouraged by INTC's execution off the bottom but there are underlying questions around the competitiveness of the core business and cash flow generation
** Deutsche Bank ("hold," PT: $25) continues to believe the co's transformation will take several years, with 2025 expected to be another transitional year, with minimal revenue and margin growth
** Oppenheimer ("perform") says AI efforts continue to lag and Intel's margins are under strain for the foreseeable future; says it remains on the sidelines as turnaround efforts take root
** TD Cowen ("hold," PT: $25) says the product roadmap is progressing and there are indications that the company is competing well but overall there is little else to get excited about in Intel Products in the near- to medium-term
Reporting by Joel Jose in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
