According to TipRanks.com, Richard is a top 100 analyst with an average return of 32.8% and a 70.0% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Enphase Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $62.35 average price target, an 11.2% upside from current levels. In a report issued on July 16, Goldman Sachs also maintained a Sell rating on the stock with a $57.00 price target.
Based on Intel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.67 billion and net profit of $3.36 billion. In comparison, last year the company earned revenue of $19.83 billion and had a net profit of $5.66 billion.
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Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.