According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 33.6% and a 79.1% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Smart Global Holdings, and NXP Semiconductors.
The word on The Street in general, suggests a Hold analyst consensus rating for Intel with a $53.86 average price target, representing a 6.9% upside. In a report issued on October 21, Mizuho Securities also downgraded the stock to Hold with a $55.00 price target.
Based on Intel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $19.63 billion and net profit of $5.06 billion. In comparison, last year the company earned revenue of $19.73 billion and had a net profit of $5.11 billion.
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Intel manufactures and sells microprocessors, chipsets, flash memory as well as other products and platforms for compute, storage, network and other functions. The company’s data-centric businesses include Data Center Group (DCG), Internet of Things (IOTG), Mobileye, Non-volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), with the PC-centric business comprised of Client Computing Group (CCG). It derives a majority of its revenue from platform products, which incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or multichip package.
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