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Intel stock forecast after boosting its guidance: time to buy?

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Intel stock forecast after boosting its guidance: time to buy?

Intel (INTC) shares surged in extended hours, rising to about $110 versus this month’s low of $89.65 after the company reported strong financial results and raised forward guidance. The earnings-driven upside is likely to move the stock meaningfully given the simultaneous guidance boost, signaling improved near-term outlook.

Analysis

Intel (INTC) shares surged in extended hours, rising to about $110 versus this month’s low of $89.65 after the company reported strong financial results and raised forward guidance. The earnings-driven upside is likely to move the stock meaningfully given the simultaneous guidance boost, signaling improved near-term outlook.

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Market Sentiment

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moderately positive

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