Rosenblatt Securities Sticks to Its Sell Rating for Intel (INTC)
In a report released today, Hans Mosesmann from Rosenblatt Securities maintained a Sell rating on Intel (INTC). The company’s shares closed last Monday at $58.19.
According to TipRanks.com, Mosesmann is a top 100 analyst with an average return of 26.0% and a 68.7% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Advanced Micro Devices, and Texas Instruments.
Currently, the analyst consensus on Intel is a Hold with an average price target of $66.50, implying a 14.6% upside from current levels. In a report issued on June 11, Bernstein also maintained a Sell rating on the stock with a $43.00 price target.
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The company has a one-year high of $68.49 and a one-year low of $43.61. Currently, Intel has an average volume of 28.2M.
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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.
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