Market Update (NASDAQ:INTC): Canaccord Ups Intel Target Ahead of Q2 Earnings

[at Barrons.com] – Intel (INTC) reports second-quarter earnings on Wednesday, and Canaccord thinks investors should be buying before the results. Analyst Matthew Ramsey and his team reiterated a Buy rating on the stock and upped their price target from $38 to $40. With Intel’s first Apple (AAPL) iPhone modem sales, and significant cost cuts, he sees its mobile business losses coming down dramatically. Read more on this. , with a current value of $ecting to http://finance.ya, finished yesterday at $. Shares have traded today between $ per share with the price of the stock fluctuating between $ over the last 52 weeks. Priced at x this year’s forecasted earnings, INTC shares are relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $ would be a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, d INTC from to (/fin). Previously, d INTC from to . The average price target for INTC shares by the analysts covering it is $, which is 0.00% below where the stock opened. See more in (NASDAQ:INTC) Similar Articles: Market Update: Intel Corporation (NASDAQ:INTC) – Options Insight: How to Play Intel Market Update: Intel Corporation (NASDAQ:INTC) – Jim Cramer’s Top Takeaways: Avangrid, Intel, NXP Semiconductors Company Update: Intel Corporation (NASDAQ:INTC) – Intel (INTC) Stock: Canaccord Lowers Price Target on PC Supply Chain Data Points