Wedbush: "Intel could deliver an earnings surprise on server demand and margin improvement"

1. 1As Intel (INTC) is set to report quarterly results after Thursday's close, Wedbush cited server demand, price hikes, and margin improvement as reasons the company could top consensus estimates.
2. 2Wedbush projected that guidance implies revenue growth of more than 5% quarter-over-quarter, with data-center revenue rising roughly 10% quarter-over-quarter and approximately 40% year-over-year.
3. 3Wedbush maintained a "Neutral" rating on Intel with a $60 price target, based on roughly 40x its fiscal 2027 EPS forecast of $1.53.

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