
Sanford C. Bernstein Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

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Sanford C. Bernstein has lowered its price target for Intel (NASDAQ: INTC) from $25.00 to $21.00, maintaining a "market perform" rating. This suggests an 8.25% potential upside from the current price. Other analysts have also adjusted their targets, with Wells Fargo reducing theirs to $25.00 and Barclays to $19.00. Currently, Intel has a consensus rating of "Hold" with an average price target of $24.25. The stock is trading at $19.40, with a market cap of $84.59 billion and a negative earnings per share forecast for the year.
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