Intel Stock Earnings: INTC rises nearly 10% on earnings surprise, robust Q4 outlook

Intel nearly doubles earnings expectations for Q3. Revenue comes in strong on rising PC sales. Wall Street analysts raise their price targets on newfound trust in execution. Q4 outlook jumps well ahead of consensus forecasts. The PC market appears to be conducting a turnaround of sorts after the first half of 2023 saw laptop sales decline. JPMorgan raised its price target on Intel stock from $35 to $37, praising the company’s management for their execution.

raised its price target on

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