Intel’s Shares Near $65.59 After 235% YoY Gain, Options Signal 13.5% Swing
Intel shares held near $65.59 after a 1% pullback, marking a 235.1% year-over-year gain and 77.3% year-to-date rise with new $64 support after a nine-day winning streak. Ahead of Q1 results tomorrow, options imply a 13.5% swing and consensus target is $54.49, versus HSBC’s $95.
1. Stock Performance
Intel shares traded near $65.59 following a 1% decline, yet have surged 235.1% year-over-year and 77.3% year-to-date. The stock reached a roughly 26-year high of $70.33 on April 17 and established a new floor at $64 after a nine-day winning streak.
2. Options Market and Analyst Sentiment
Ahead of Q1 earnings due tomorrow, options markets are pricing in a 13.5% move, exceeding the 9.8% average swing over the past two years. Analyst coverage remains cautious, with 38 of 44 maintaining a hold or worse rating and bearish put/call ratios ranking in the top percentiles of annual readings.
3. Price Targets and Server Forecast
The 12-month consensus target stands at $54.49, 17.2% below current levels, while HSBC upgraded its rating to buy and lifted its price target to $95. HSBC projects Q2 server CPU revenue of $14.2 billion, about 9% above estimates, driven by stronger shipments and pricing.