Intel Analyst Flags AMD Competition as Key Challenge, Predicts Modest Growth For Q2

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp INTC with a price target of $17.Mosesmann expects Intel to deliver inline fiscal 2024 second-quarter earnings based on flat to up sales growth, stabilizing PC dynamics, and a bottoming in the Altera, Mobileye, and NEX segments.The analyst expects the management to issue a modest growth guidance for the third quarter, likely below his mid-to-high single-digit expectation of weaker server Sierra Forrest and Granite Rapids ramps as Advanc ...