Bernstein Remains a Hold on Intel (INTC) | Markets Insider
Bernstein analyst Stacy Rasgon maintained a Hold rating on Intel (INTC – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $21.52.
Rasgon covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Lam Research. According to TipRanks, Rasgon has an average return of 22.2% and a 63.76% success rate on recommended stocks.
In addition to Bernstein, Intel also received a Hold from Citi’s Christopher Danely in a report issued yesterday. However, on April 30, Seaport Global initiated coverage with a Sell rating on Intel (NASDAQ: INTC).
Based on Intel’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $12.67 billion and a GAAP net loss of $821 million. In comparison, last year the company earned a revenue of $12.72 billion and had a GAAP net loss of $381 million