Intel stock has a bright near-term future, says analyst

5 months ago 107
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Intel Corp. shares whitethorn person immoderate agleam spots ahead—at slightest successful the precise adjacent future.

Citi Research expert Christopher Danely likes the setup for the chipmaker’s banal successful the weeks to come, fixed the imaginable for a affirmative net astonishment and optimism heading into the company’s February capitalist day.

While Danely inactive has a neutral standing connected Intel’s shares INTC, -1.73%, helium added a “positive Catalyst Watch” designation to the sanction connected Tuesday, which helium said reflects expectations for near-term upside.

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Danely thinks that request for idiosyncratic computers has been “well supra expectations” fixed the “resurgent endeavor refresh.” That inclination could assistance Intel positively astonishment with its fourth-quarter results and first-quarter outlook, helium reasoned. The institution is owed to study results aft the closing doorbell connected Wednesday, Jan. 26.

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Further, helium anticipates that Intel’s banal volition “trade good up of its capitalist meeting, scheduled for Feb. 17.

Read: Intel’s Mobileye IPO could ‘obviously’ unlock worth for chipmaker

Beyond that, helium sees immoderate longer-term challenges successful store for Intel. For one, helium argued that “considerable effort and absorption inactive volition beryllium needed by Intel, particularly successful manufacturing, to drawback up to its competitors.” Danely besides thinks that PC request volition “revert to the mean fixed 2 consecutive years of treble digit growth.”

Shares of Intel are disconnected 1% successful Tuesday trading. They’ve gained 1.3% implicit the past 3 months arsenic the Dow Jones Industrial Average DJIA, -1.66% has risen 0.4%.

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