Key Highlights:
- Intel offloads majority stake in Altera to Salt Lake for $4.5 billion, signaling a strategic pivot.
- Analysts suggest a potential upside of 15.09% with an average price target of $22.83.
- GuruFocus estimates indicate a GF Value upside of 36.78% for Intel shares.
Intel Corp (INTC, Financial) recently announced a significant shift in strategy by selling a 51% stake in its Altera programmable chip segment to the private equity firm Salt Lake for approximately $4.5 billion. This landmark deal is Intel's first major transaction under the leadership of CEO Lip-Bu Tan. The company is actively exploring new strategic directions, including potential partnerships with Taiwan Semiconductor (TSM).
Wall Street Analysts' Outlook
The current one-year price targets from 32 analysts provide valuable insights into Intel Corp's (INTC, Financial) market position. The average target price stands at $22.83, with projections ranging from a high of $31.00 to a low of $17.70. This average target price represents a potential upside of 15.09% from the current trading price of $19.84. For a comprehensive view of the forecasts, please visit the Intel Corp (INTC) Forecast page.
Brokerage Recommendations
The consensus from 46 brokerage firms currently sets Intel Corp's (INTC, Financial) average recommendation at 3.0, indicating a "Hold" status. This rating operates on a scale from 1 to 5, where 1 signifies a "Strong Buy" and 5 indicates a "Sell." Investors should consider this consensus as part of their decision-making process.
Understanding GuruFocus GF Value
According to GuruFocus estimates, the projected GF Value for Intel Corp (INTC, Financial) in the coming year is $27.13, suggesting a notable upside of 36.78% from the current price of $19.835. The GF Value is GuruFocus' determination of a stock's fair trading value, derived from historical trading multiples, previous business growth, and future performance projections. For more detailed information, visit the Intel Corp (INTC) Summary page.
