Intel Corp (INTC)

[VeeCee]

Views from two different analysts. Nomura has been bearish on Intel for long time. But notice price difference. That what makes the market.
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Nomura Securities maintains a 'Reduce' on Intel (NASDAQ: INTC) price target of $23.00.
Analyst, Romit Shah, continues his bearish tone, saying that despite Intel screening well (across Wall St.) as a defensive name, the Company will be challenged over the next few years. Shah also feels that there is downside to Q2 (consensus), citing challenges in PC unit growth.
Shah said, "We expect Q1 results to be largely in line with consensus estimates of $12.8bn/$0.50 and our estimates of $12.8bn/$0.49. Hard disk drive availability is loosening up though we see continued risk from shortages in servers...That said, we are forecasting revenue and EPS of $12.8bn/$0.48 in Q2, below consensus of $13.4bn/$0.54."
Shah doesn't see a spike in Ivy Bridge before mid-May, citing customers pause until the release of Windows8 (Nasdaq: MSFT).
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RBC Capital raised estimates and its price target on Outperform-rated Intel (NASDAQ: INTC) from $30 to $33 ahead of Q1 earnings on April 17th.
Analyst Doug Freedman believes the mid-point of Intel's guidance, or $12.8bil (range $12.3bil-$13.3bil), proves to be a low-bar driven primarily by Romley strength, as they believe Enterprise and Data Center markets remain strong.
He raised Q1 revenue/EPS estimate to $13.06bil/$0.55 versus prior $12.67bil/$0.50 and Street $12.83bil/$0.50.
For Q2, upside could be driven by impact from Ivy Bridge introduction the coming week. "Due to a delayed launch, we believe initial unit shipments will be material and result in a favorable ASP mix in the quarter and into a seasonally stronger selling season," the analyst said.
Q2 revenue/EPS estimate was raised to $13.52bil/$0.58 vs. prior $13.18bil/$0.54 and Street $13.40bil/$0.54.