BNP Paribas Sticks to Its Hold Rating for Intel (INTC)
BNP Paribas analyst Jerome Ramel maintained a Hold rating on Intel (NASDAQ: INTC) on September 14 and set a price target of $54. The company’s shares closed on Friday at $45.54.
Ramel has an average return of 9.0% when recommending Intel.
According to TipRanks.com, Ramel is ranked #4169 out of 4877 analysts.
Currently, the analyst consensus on Intel is a Moderate Buy with an average price target of $55.29, a 21.4% upside from current levels. In a report issued on September 13, Northland Securities also upgraded the stock to Hold.
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Based on Intel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $16.96 billion and net profit of $5.01 billion. In comparison, last year the company earned revenue of $14.76 billion and had a net profit of $2.81 billion.
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