Intel stock skyrockets 28%, so why are analysts still saying sell?

Intel shares surged as much as 28% in premarket trading after the company posted stronger-than-expected first-quarter earnings and issued second-quarter revenue guidance above Wall Street forecasts. The combination of an earnings beat and raised outlook points to improving fundamentals and near-term revenue momentum. The move is likely to materially impact Intel stock, though broader market spillover should be limited.

Analysis

Intel shares surged as much as 28% in premarket trading after the company posted stronger-than-expected first-quarter earnings and issued second-quarter revenue guidance above Wall Street forecasts. The combination of an earnings beat and raised outlook points to improving fundamentals and near-term revenue momentum. The move is likely to materially impact Intel stock, though broader market spillover should be limited.