Bank of America revises Intel stock price target amid disappointing Q2 reports
INTCIntel(INTC) Finbold·2024-08-04 19:44

Intel Corporation (NASDAQ: INTC) saw a dramatic decline in its stock price following the release of its Q2 earnings report, which fell short of expectations and revealed extensive restructuring plans. The string of disappointing announcements has prompted a wave of updates to analysts’ assessments of Intel and its future prospects, leading several leading financial firms to significantly lower their price targets for INTC stock.The stock plummeted nearly 30% on Friday, marking its most significant single-da ...