- Intel Corp (INTC, Financial) plans a major workforce reduction, targeting over 20% under the leadership of its new CEO.
- Analysts offer a mixed outlook on INTC stock, suggesting a potential upside with an average target price of $22.21.
- GuruFocus anticipates a substantial upside for Intel's stock value over the next year.
Intel Corp (INTC) is initiating a sweeping transformation by cutting more than 20% of its workforce, a strategic move led by new CEO Lip-Bu Tan. This decision is aimed at minimizing bureaucratic hurdles and refocusing efforts on engineering, following an earlier reduction of 15,000 jobs. Such restructuring is pivotal as Intel endeavors to reclaim its competitive edge in the technology market.
Wall Street Analysts Forecast
Among the assessments by 31 analysts, Intel Corp (INTC, Financial) holds an average one-year price target of $22.21. While estimates span from a low of $17.70 to a high of $31.00, this average target suggests a potential upside of 13.84% from the current stock price of $19.51. For a comprehensive look at these estimates, please visit the Intel Corp (INTC) Forecast page.
Consensus Recommendation
The consensus from 46 brokerage firms positions Intel Corp (INTC, Financial) with an average recommendation of 3.0, classified as "Hold." The rating scale ranges from 1 (Strong Buy) to 5 (Sell), indicating that analysts see the stock as maintaining its current position rather than strongly advancing or declining.
GuruFocus GF Value Analysis
GuruFocus calculates that the GF Value for Intel Corp (INTC, Financial) in the upcoming year is projected at $26.99. This estimation indicates a potential upside of 38.34% from today's price point of $19.51. The GF Value is derived from Intel's historical trading multiples and projected business performance, making it a crucial metric for investors assessing fair market value. For further detailed data, explore the Intel Corp (INTC) Summary page.
