Intel Corporation

NASDAQ Global Select
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Bullish +55

What's Going On With Intel Stock Friday? - Benzinga

📉 Intel shares fell 4.34% in premarket trading to $127.10 due to broader market weakness and risk-off sentiment.

📈 The stock remains technically bullish, trading 64.2% above its 100-day moving average and maintaining a golden cross configuration.

🔮 Intel is expected to report quarterly results on July 23, 2026, with analysts forecasting revenue of $14.40 billion.

💰 Earnings are projected to improve significantly to 19 cents per share from a loss of 10 cents per share a year ago.

🏦 Bank of America Securities upgraded Intel to a Buy rating and raised its price target to $160 on June 23.

📊 Goldman Sachs initiated coverage with a Neutral rating and a $150 price forecast on June 25.

🎯 Key technical resistance is identified near $133, while support levels exist around $102.50.

🚀 Intel carries a Benzinga Edge Momentum score of 99.51, reflecting strong relative performance over recent months.

📉 The stock trades 6.9% above its 20-day simple moving average and 18.8% above its 50-day SMA.

🏛️ Intel is a major holding in several exchange-traded funds, including the iShares Semiconductor ETF (SOXX).

Bullish Signals
  • Intel maintains a strong longer-term technical uptrend with shares trading significantly above key moving averages, including being 64.2% above the 100-day SMA.
  • The stock exhibits constructive momentum indicators, with the MACD above its signal line and a positive histogram suggesting improving bullish momentum.
  • Bank of America Securities upgraded Intel to a Buy rating and raised its price forecast to $160, indicating strong institutional confidence.
  • Analysts project a significant earnings turnaround with expected quarterly earnings of 19 cents per share compared to a loss of 10 cents per share a year ago.
  • Intel is projected to see revenue growth to $14.40 billion from $12.86 billion, signaling improved operational performance.
  • The stock holds a high Benzinga Edge Momentum score of 99.51, reflecting strong relative performance over the past several months.
Risk Factors
  • Intel shares declined 4.34% in premarket trading due to a broader risk-off tone and weakness in equity futures.
  • The stock trades at a wide gap above its moving averages, which historically increases the probability of short-term pullbacks as prices consolidate.
  • Wall Street consensus currently rates Intel as a Hold with an average price forecast of $86.41, which is lower than recent analyst upgrades.
Full Analysis
Intel stock experienced a premarket decline of approximately 4.34% to $127.10 on Friday, driven by a broader risk-off sentiment in the market rather than company-specific negative news. Equity futures for the Nasdaq and S&P 500 weakened ahead of the opening bell, prompting traders to reduce exposure to large-cap technology and semiconductor stocks. Despite the short-term pullback, Intel's longer-term technical trend remains constructive with shares trading significantly above key moving averages. The stock is up 6.9% from its 20-day simple moving average and maintains a bullish golden cross setup where the 20-day SMA sits above the 50-day SMA, which in turn is above the 200-day SMA. Analyst sentiment remains mixed to positive with recent upgrades and price target increases. Bank of America Securities upgraded Intel to a Buy rating and raised its price forecast to $160, while Goldman Sachs initiated coverage with a Neutral rating and a $150 price target. Wall Street consensus currently holds a Hold rating with an average price forecast of $86.41. Looking ahead, investors are anticipating Intel's quarterly earnings report scheduled for July 23, 2026. Analysts project revenue to rise to $14.40 billion from $12.86 billion a year ago, with earnings expected to turn positive at 19 cents per share compared to a loss of 10 cents per share in the prior year.