David Stahl
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David Stahl in Stocks for Real Men,

What Does Wall Street Have To Say About Intel's Earnings Report?

Intel Corporation 's earnings beat on Thursday was compelling enough to send the stock higher by more than 1 percent on Friday. But what are Wall Street analysts saying about the stock that is still lower by more than 2 percent since the start of 2017?

UBS: Data Center Improving, PC Still A Concern

UBS's Stephen Chin maintains a Buy rating on Intel's stock with a price target lowered from $41 to $40.


Intel's data center showed signs of improvement in the quarter, most notably a sales acceleration to 11 percent year over year, Chin noted. The cloud customer sub-segment also grew 36 percent and the data center's segment as a whole benefited from a 300 basis point improvement in gross margins from the prior quarter to 38 percent.

Intel continues to guide its full-year data center growth to a high-single-digit rate, which suggests some level of normalization in growth later on this year.

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