Intel Stock Reverses Premarket Drop Ahead of October 29…
By Abdelaziz Fathi
AI summary of the source article
Intel stock reversed an early 1.74% premarket drop to trade up around 0.6% at $92.62 following an upgrade from JPMorgan. Analysts expect third-quarter adjusted earnings of $0.40 per share on revenue of $16.50 billion.
Key facts
- JPMorgan upgraded Intel to Neutral from Underweight while keeping an $85 price target.
- Intel shares traded at $92.62 on October 20 after recovering from an early 1.74% premarket decline.
- Analyst consensus expects Intel to report Q3 adjusted earnings of $0.40 per share on $16.50 billion in revenue on October 29.
Source excerpt · FinanceFeeds
Intel stock (NASDAQ: INTC) fell 1.74% in Tuesday's premarket trading before reversing course during the regular session, a day after JPMorgan upgraded the chipmaker and nine days before its third-quarter earnings report. INTC traded at $92.62, up approximately 0.6%, as of 2:16 p.m. Eastern time on October 20. The reversal followed Monday's 2.43% gain, when Intel closed at $92.03 after JPMorgan ana…