Wedbush Securities has adjusted its outlook for Intel Corporation (INTC, Financial), reducing the price target for the company's stock from $20 to $19. This revision reflects the firm's cautious stance on Intel's market performance, maintaining a Neutral rating on the shares.
The decision to lower expectations comes as Wedbush anticipates weaker-than-expected demand in Intel's Client Computing Group (CCG) and Data Center Group (DCG) segments by 2025. The forecasted softness in server and PC markets prompted the adjustment, suggesting potential challenges ahead for the semiconductor giant.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Intel Corp (INTC, Financial) is $22.21 with a high estimate of $31.00 and a low estimate of $17.70. The average target implies an upside of 13.84% from the current price of $19.51. More detailed estimate data can be found on the Intel Corp (INTC) Forecast page.
Based on the consensus recommendation from 46 brokerage firms, Intel Corp's (INTC, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Intel Corp (INTC, Financial) in one year is $26.99, suggesting a upside of 38.34% from the current price of $19.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Intel Corp (INTC) Summary page.
