17 Wall Street analysts slash Intel stock price targets after Q3 earnings
Photo: Finbold
Intel (NASDAQ: INTC ) stock is down 29% on October 30, trading at $65.9 at the time of publication, following a wave of price target cuts and downgrades from Wall Street analysts in the wake of the chipmaker’s third-quarter earnings report . Among the most significant revisions, Roth Capital analyst Suji Desilva slashed his Intel price target by 41.67%, from $120 to $70, saying that while data center growth might be positive, manufacturing constraints could limit further upside.
Source: Finbold
