This quarter demand for PCs in the business segment could
Hardware

This quarter, demand for PCs in the business segment could have a positive impact on Intel’s sales

After announcing Intel’s plans to build new businesses and actively develop new technologies, analysts unanimously lowered their forecasts for the company’s share price, arguing that increased investment needs could negatively impact investor returns. Citigroup specialists found a reason for optimism – it was the increased demand for PCs in the enterprise segment.

Image source: Pixabay

Image source: Pixabay

According to representatives Citigroup, this factor may have a positive impact on Intel’s revenue in both the most recent quarter and the current quarter. For example, it managed to raise its 2021 revenue guidance to $73.7 billion from $73.5 billion — not that big of a change, but it stands out against the backdrop of some bearish sentiment. Intel stock price may rise to $58 from current $55.5, analysts say.

According to Citigroup experts, this factor will affect the momentum of the Intel share price in the short term. To achieve long-term revenue growth, the company needs to catch up with its competitors on a number of indicators. The authors of the research note assume that the favorable momentum of Intel’s share price will continue until mid-February, when the day of the meeting with analysts, which was postponed from last quarter due to the upcoming change of the company’s chief financial officer, will take place.

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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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