$Intel(INTC)$ Apparently, analysts are not going to believe that INTC will regain their market leadership position (or even reverse the decline) until they actually see an earnings report that confirms the plan is working. 2023 EPS was $1.05, and 2024 has a consensus estimate EPS of $1.10. The share price will be stuck at $28.00 to $32.00 until we see a quarter with a $0.50 EPS. If $0.50 happens (it doesn't look like it will happen in Q2) then we'll see a march to $50.00 per share. After that depends on a lot of geo-political, technological, and competitive developments. It's very possible this thing doesn't break $35 in 2024. The first step is a quarter with a $0.50 EPS. Then 2025 EPS analyst estimates will break above $2.00, and the stock up to the $50s.
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