Benchmark Raises Intel (NASDAQ:INTC) Price Target to $50.00

Key Points

• Benchmark has raised Intel's price target from $43.00 to $50.00, indicating a potential upside of 24.56% from the current price, and maintains a "buy" rating.
• Several other firms have also adjusted their ratings, with Cantor Fitzgerald raising its target to $40.00 and Morgan Stanley increasing its target to $36.00, while overall, Intel has a consensus rating of "Reduce".
• Intel recently reported earnings of $0.23 EPS for the last quarter, surpassing revenue expectations with $13.65 billion, a 3% increase year-over-year.

Intel (NASDAQ:INTC - Get Free Report) had its price target upped by equities research analysts at Benchmark from $43.00 to $50.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the chip maker's stock. Benchmark's price objective would indicate a potential upside of 24.56% from the company's current price.

Several other research firms also recently commented on INTC. Cantor Fitzgerald raised their price objective on Intel from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday. Sanford C. Bernstein reiterated a "neutral" rating on shares of Intel in a report on Thursday, October 2nd. Morgan Stanley lifted their price objective on shares of Intel from $23.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday. Seaport Res Ptn raised Intel from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 24th. Finally, Hsbc Global Res lowered shares of Intel from a "hold" rating to a "moderate sell" rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Reduce" and a consensus price target of $32.54.

Intel Price Performance

Intel stock opened at $40.14 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $175.70 billion, a P/E ratio of -8.47 and a beta of 1.33. The company's 50 day moving average price is $30.10 and its two-hundred day moving average price is $24.19. Intel has a 52 week low of $17.67 and a 52 week high of $40.25.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.10 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities analysts predict that Intel will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Intel in the 2nd quarter valued at $1,579,378,000. Nuveen LLC purchased a new stake in Intel during the 1st quarter worth about $538,430,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Intel during the second quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Intel by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.