Latest news for Aferian (OTC:AOECF) Stock

Aferian PLC is a software-led, global Media Technology company. It delivers modern TV experiences integrating streaming and PayTV services. Its Next-Generation technology platforms enable operators, broadcasters, and content owners to provide viewers the choice, usability, and convenience.

Aferian PLC

<p>Guggenheim  analyst Gregory Francfort   maintains McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Buy and raises the price target from $280 to $290.</p>


News

Price Target

Analyst Ratings

Guggenheim Maintains Buy on McDonald's, Raises Price Target to $290

WIIM

Morgan Stanley shares are trading lower. Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $99 to $95.

Eaton shares are trading lower on continued weakness the company reported Q2 financial results yesterday. Also, Wells Fargo lowered its price target on the stock from $320 to $315.

<p>Scotiabank  analyst Nick Altmann   maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Sector Perform and lowers the price target from $210 to $175.</p>


TEAM

Scotiabank Maintains Sector Perform on Atlassian, Lowers Price Target to $175

<p>Guggenheim  analyst Yatin Suneja   maintains Neurocrine Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) with a Buy and raises the price target from $170 to $180.</p>


NBIX

Guggenheim Maintains Buy on Neurocrine Biosciences, Raises Price Target to $180

<p><strong>Super Micro Computer Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading lower Friday. The company is set to release its forth-quarter earnings report on <a href="https://www.benzinga.com/news/24/08/40112383/whats-going-on-with-super-micro-computer-stock-thursday">Tuesday August 6th, after the market close. </a></p>
<p><strong>What To Know: </strong>Analysts are predicting strong results with an estimated earnings per share (EPS) of $8.20 and revenue of $5.294 billion.</p>
<p>Wedbush analyst<strong> Matt Bryson</strong> has reiterated a Neutral rating for SMCI, maintaining a price target of $800. This target is based on a price-to-earnings (PE) ratio of approximately 20x applied to Fiscal-Year 2025 estimates, factoring in the company's debt and cash. Although this multiple is higher than SMCI's historical average, it possibly shows optimism about long-term AI growth prospects.</p>
<p>Management has set ambitious sales targets for forth-quarter, lifting annual revenue expectations following the third-quarter. The company also saw positive demand trends for H100 and H100 servers throughout second-quarter.</p>
<p><strong>SMCI Price Action:</strong> Super Micro Computer Shares were down by 7.13% at $624.34 according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a></p>
<p><figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="543" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02133138/SMCI-1024x543.png" alt="" class="wp-image-473911" style="width:520px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02133138/SMCI-1024x543.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02133138/SMCI-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02133138/SMCI-768x407.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02133138/SMCI.png 1075w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure></p>
<p><strong>See Also: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/08/40131224/u-s-steels-earnings-and-revenues-surpass-estimates-in-q2">U.S. Steel&#8217;s Earnings and Revenues Surpass Estimates in Q2</a></strong></li>
</ul>
<p><em>Image via Shutterstock</em>.</p>


Movers

SMCI

Super Micro Computer Earnings Preview: Analyst Insights And Expectations

<p>Scotiabank  analyst Andrew Weisel   maintains Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) with a Sector Outperform and raises the price target from $77 to $87.</p>


Scotiabank Maintains Sector Outperform on Southern, Raises Price Target to $87

<p>Scotiabank  analyst Nick Altmann   maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Sector Outperform and lowers the price target from $90 to $70.</p>


PCOR

Scotiabank Maintains Sector Outperform on Procore Technologies, Lowers Price Target to $70

<p>Financial giants have made a conspicuous bearish move on Trade Desk. Our analysis of options history for Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) revealed 15 unusual trades.</p>
<p>Delving into the details, we found 20% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $365,820, and 8 were calls, valued at $735,161.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $100.0 for Trade Desk, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Trade Desk stands at 554.38, with a total volume reaching 654.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Trade Desk, situated within the strike price corridor from $30.0 to $100.0, throughout the last 30 days.</p>
<h3>Trade Desk 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722626226_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$54.05</td>
<td>$52.5</td>
<td>$52.98</td>
<td>$30.00</td>
<td>$370.8K</td>
<td>196</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$17.55</td>
<td>$16.0</td>
<td>$16.5</td>
<td>$70.00</td>
<td>$130.5K</td>
<td>2.2K</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$16.25</td>
<td>$15.85</td>
<td>$16.09</td>
<td>$97.50</td>
<td>$80.2K</td>
<td>874</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.8</td>
<td>$10.7</td>
<td>$10.7</td>
<td>$82.50</td>
<td>$69.5K</td>
<td>719</td>
<td style="text-align: right;">65</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.7</td>
<td>$10.55</td>
<td>$10.55</td>
<td>$82.50</td>
<td>$53.8K</td>
<td>719</td>
<td style="text-align: right;">155</td>
</tr>
</tbody>
</table>
</p>
<h3>About Trade Desk</h3>
<p>The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.</p>
<p>After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Trade Desk Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,296,400, the TTD's price is down by -3.25%, now at $84.9. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 6 days.</li>
</ul>
<h3>What The Experts Say On Trade Desk</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $109.0.</p>
<ul>
<li>An analyst from Morgan Stanley persists with their Overweight rating on Trade Desk, maintaining a target price of $110. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $100.</li>
<li>Consistent in their evaluation, an analyst from Macquarie keeps a Outperform rating on Trade Desk with a target price of $115. </li>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $100. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Trade Desk, targeting a price of $120. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trade Desk with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Markets

Market Whales and Their Recent Bets on TTD Options

<p>Deep-pocketed investors have adopted a bullish approach towards Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Starbucks. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 66% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $412,224, and 10 are calls, amounting to $749,114.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $80.0 for Starbucks over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Starbucks's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Starbucks's whale activity within a strike price range from $50.0 to $80.0 in the last 30 days. </p>
<h3>Starbucks Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722626221_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$11.0</td>
<td>$10.75</td>
<td>$10.75</td>
<td>$80.00</td>
<td>$428.9K</td>
<td>24.0K</td>
<td>506</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$1.46</td>
<td>$1.42</td>
<td>$1.43</td>
<td>$75.00</td>
<td>$371.8K</td>
<td>22.4K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.58</td>
<td>$1.55</td>
<td>$1.58</td>
<td>$80.00</td>
<td>$47.8K</td>
<td>19.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$1.25</td>
<td>$1.23</td>
<td>$1.24</td>
<td>$76.00</td>
<td>$40.4K</td>
<td>422</td>
<td>1.5K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$11.2</td>
<td>$10.75</td>
<td>$10.75</td>
<td>$80.00</td>
<td>$38.7K</td>
<td>24.0K</td>
<td>40</td>
</tr>
</tbody>
</table>
</p>
<h3>About Starbucks</h3>
<p>Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.</p>
<p>In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is Starbucks Standing Right Now?</h3>
<ul>
<li>With a volume of 10,112,166, the price of SBUX is up 1.57% at $76.29. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 90 days.</li>
</ul>
<h3>What Analysts Are Saying About Starbucks</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $92.2.</p>
<ul>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Starbucks, targeting a price of $80. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $93. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Starbucks, targeting a price of $98. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Starbucks, targeting a price of $100. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Starbucks, which currently sits at a price target of $90. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Starbucks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


SBUX

Starbucks's Options: A Look at What the Big Money is Thinking

<p>Deep-pocketed investors have adopted a bearish approach towards PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PEP usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for PepsiCo. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 27% leaning bullish and 63% bearish. Among these notable options, 2 are puts, totaling $195,680, and 9 are calls, amounting to $577,638.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $180.0 for PepsiCo over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PepsiCo's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PepsiCo's whale trades within a strike price range from $160.0 to $180.0 in the last 30 days. </p>
<h3>PepsiCo Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1722626216_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.9</td>
<td>$8.2</td>
<td>$8.55</td>
<td>$180.00</td>
<td>$171.0K</td>
<td>3.8K</td>
<td>208</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.15</td>
<td>$9.7</td>
<td>$10.15</td>
<td>$175.00</td>
<td>$147.1K</td>
<td>405</td>
<td>0</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$29.0</td>
<td>$28.35</td>
<td>$28.35</td>
<td>$160.00</td>
<td>$133.2K</td>
<td>397</td>
<td>0</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$3.3</td>
<td>$3.05</td>
<td>$3.05</td>
<td>$177.50</td>
<td>$55.2K</td>
<td>677</td>
<td>248</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.39</td>
<td>$2.38</td>
<td>$2.38</td>
<td>$170.00</td>
<td>$48.4K</td>
<td>3.1K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>
</p>
<h3>About PepsiCo</h3>
<p>PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.</p>
<p>In light of the recent options history for PepsiCo, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of PepsiCo</h3>
<ul>
<li>Currently trading with a volume of 3,927,327, the PEP's price is up by 2.22%, now at $178.84. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 67 days.</li>
</ul>
<h3>What The Experts Say On PepsiCo</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $183.2.</p>
<ul>
<li>An analyst from Morgan Stanley has decided to maintain their Overweight rating on PepsiCo, which currently sits at a price target of $185. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for PepsiCo, targeting a price of $170. </li>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for PepsiCo, targeting a price of $200. </li>
<li>An analyst from JP Morgan persists with their Neutral rating on PepsiCo, maintaining a target price of $182. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for PepsiCo, targeting a price of $179. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for PepsiCo, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


PepsiCo's Options: A Look at What the Big Money is Thinking

<p>Guggenheim  analyst John Difucci   maintains Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) with a Sell and raises the price target from $50 to $57.</p>


Guggenheim Maintains Sell on Cloudflare, Raises Price Target to $57

<p>Scotiabank  analyst Orest Wowkodaw   maintains NexGen Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NXE#TSX">NXE</a>) with a Sector Outperform and lowers the price target from C$13.5 to C$12.5.</p>


Nuveen Arizona Dividend Advantage Municipal Funds 3

TSX:NXE

Scotiabank Maintains Sector Outperform on NexGen Energy, Lowers Price Target to C$12.5

<p>Guggenheim  analyst Yatin Suneja   maintains Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) with a Buy and raises the price target from $1180 to $1300.</p>


REGN

Guggenheim Maintains Buy on Regeneron Pharmaceuticals, Raises Price Target to $1300

<p><strong>Intel Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has made headlines with its recent announcement of significant restructuring and disappointing quarterly earnings. The tech giant reported earnings of just 2 cents per share, falling dramatically short of the analyst consensus <a href="https://www.benzinga.com/quote/INTC/earnings">estimate of 10 cents</a>.</p>
<p>This represents a staggering 84.62% decrease from the same period last year. Intel&#8217;s response includes a major $10 billion cost-reduction plan aimed at streamlining operations and reducing headcount <a href="https://www.benzinga.com//node/40115276">by over 15%</a>, with the majority of cuts expected by the end of 2024. </p>
<p>Additionally, the company will suspend its dividend starting in Q4 2024. Analysts are reacting with a mix of skepticism and cautious optimism. Here&#8217;s how key industry voices are interpreting the latest developments.</p>
<ul>
<li>BofA Securities analyst Vivek Arya downgraded the stock to Underperform with a price target of $23, down from $35.</li>
<li>Cantor Fitzgerald analyst C.J. Muse maintains a Neutral rating with a revised price target of $27, down from $40.</li>
<li>Wedbush analyst Matt Bryson from Wedbush Securities maintains a Neutral rating with a 12-month price target of $25, reduced from $32.50.</li>
<li>Goldman Sachs analyst Toshiya Hari reiterates a Sell rating with a new price target of $22, down from $29.</li>
<li>Truist Securities analyst William Stein of Truist Securities maintains a Hold rating with a price target of $25, down from $33.</li>
<li>Roth/MKM analyst Suji Desilva retains a Neutral rating, lowering the price target to $25 from $35.</li>
</ul>
<p><strong>Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40134853/intels-earnings-disappoint-analyst-points-to-operational-missteps">Intel Analyst Flags &#8216;Operational Missteps&#8217; After Earnings Shock</a></strong></p>
<h3 class="wp-block-heading">BofA Securities: &#8216;No Quick Fix, Downgrade to Underperform&#8217;</h3>
<p>Arya has taken a dim view of Intel's prospects, noting that the restructuring plan, while necessary, does not address Intel&#8217;s deeper competitive and strategic challenges. &#8220;We don&#8217;t see a quick or easy fix to competitive, financial, strategic, and manufacturing risks,&#8221; Arya said.</p>
<p>He cites Intel's inability to compete effectively against agile fabless and foundry rivals as a significant concern. Arya's revised forecasts indicate a 75% reduction in EPS estimates for 2024, reflecting ongoing profitability challenges.</p>
<h3 class="wp-block-heading">Cantor Fitzgerald: &#8216;A Perfect Storm, Reiterates Neutral&#8217;</h3>
<p>Muse describes the situation as a &#8220;perfect storm&#8221; for Intel. He highlights the impact of transitioning Meteor Lake to Intel&#8217;s new manufacturing line as a major factor in the company&#8217;s margin issues. Despite the restructuring and cost-cutting measures, Muse remains cautious, emphasizing that Intel's success in executing its strategic plans will be critical.</p>
<p>&#8220;The magnitude of the sell-off after-hours is no surprise,&#8221; Muse remarked, reflecting the market's reaction to Intel's restructuring and dividend suspension.</p>
<h3 class="wp-block-heading">Wedbush: &#8216;Another Reset to Expectations&#8217;</h3>
<p>Bryson expected mixed results but was struck by the extent of the miss. He believes Intel's technological transitions are still a major uncertainty. </p>
<p>&#8220;We are retaining our NEUTRAL view, while reducing our PT in-line with our now lower estimates,&#8221; Bryson said, noting that Intel must demonstrate more promising signs of progress to regain investor confidence.</p>
<h3 class="wp-block-heading">Goldman Sachs: &#8216;Sell on Data Center and Margin Concerns&#8217;</h3>
<p>Hari cites ongoing challenges in Intel&#8217;s Data Center business and negative margin revisions as reasons for his bearish stance. &#8220;We do not consider [the restructuring] to be sufficient for a sustained recovery in the company's competitive position,&#8221; Hari commented. </p>
<p>His revised EPS estimates reflect a 63% reduction for 2024, underscoring the difficulties Intel faces in regaining market share.</p>
<h3 class="wp-block-heading">Truist Securities: &#8216;Hold Rating Unchanged Amid Challenges&#8217;</h3>
<p>Stein acknowledges the significant restructuring but remains cautious about Intel's long-term prospects. &#8220;The LT story of eventual product and process superiority and the ramping profitability of a foundry business persist, but are ever more challenging to envision,&#8221; Stein said.</p>
<h3 class="wp-block-heading">Roth/MKM: &#8216;Neutral with Lowered Price Target&#8217;</h3>
<p>Desilva notes that while there is a healthy demand for client processors, Intel's higher costs and need for new products in the data center segment pose challenges. &#8220;We lower our price target from $35 to $25 and maintain our Neutral,&#8221; Desilva concluded.</p>
<p>Intel's dramatic restructuring and earnings miss have led to a flurry of downgrades and revised price targets from analysts. While the company's efforts to cut costs and streamline operations are seen as necessary steps, the path to recovery remains fraught with challenges. </p>
<p>Investors will be closely watching how Intel navigates these turbulent waters and whether its strategic actions can eventually turn the tide.</p>
<p><strong>Read Also: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/08/40136668/intels-stock-plummets-after-earnings-what-to-know">Intel&#8217;s Stock Plummets After Earnings: What To Know</a></strong></li>
</ul>


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