tl;dr
Intel (NASDAQ:INTC) shares fell around 1% in early Tuesday trading, despite Raymond James reiterating its outperform rating after an investor dinner. The investment firm raised its price target to $48 from $42 and expressed "incremental conviction" about Intel's roadmap execution, margin trajectory,...
Intel (NASDAQ:INTC) shares fell around 1% in early Tuesday trading, despite Raymond James reiterating its outperform rating after an investor dinner. The investment firm raised its price target to $48 from $42 and expressed "incremental conviction" about Intel's roadmap execution, margin trajectory, and free cash flow prospects. Additionally, it sees long-term potential in the foundry and artificial intelligence sectors. Raymond James is also optimistic about the $2B pipeline for Gaudi chips, which could lead to a 40% to 50% revenue conversion next year. Furthermore, the emergence of PCs with artificial intelligence, especially in light of Microsoft's CoPilot gains, is seen as offering significant incremental opportunities for Intel.
More about Intel Corporation
Intel Corporation is the world's largest semiconductor chip manufacturer by revenue, with a market cap of $187.78 billion. The company has a P/E ratio of 12.69 and a dividend yield of 0.98%. With a net income of $52.86 billion, Intel Corporation has shown a negative EPS growth of -0.39%. The stock is currently trading at $34.64, with a bearish sentiment indicated by a negative RSI of -0.717. The company operates in the manufacturing and semiconductors & related devices industry and is headquartered in Santa Clara, California. While the company's historical financial data and market performance are important to consider, it's important to note that past behavior is not always indicative of future performance, and potential risks or uncertainties should be taken into account.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market capitalization of $2.77 trillion. The stock is currently trading at $405.53 with a 52-week range of $218.31 - $405.53, showing a strong upward trend. The company's P/E ratio is 36.11, indicating a relatively high valuation compared to its earnings. Microsoft's RSI is 2.79, suggesting the stock is not overbought or oversold. The company has a profit margin of 10.33% and a beta of 0.353, indicating lower volatility compared to the overall market. The stock has a bullish trend, with strong support at $218.31 and resistance at $405.53. However, it's important to note that past performance is not always indicative of future results, and investors should consider potential risks and uncertainties when making investment decisions.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.