- Intel's stock experienced a significant drop of 6.4% following a mixed first-quarter earnings report.
- Second-quarter revenue projection falls short of analysts' expectations, raising concerns.
- Wall Street maintains a "Hold" recommendation, with varying price targets and an upside potential.
Intel (INTC, Financial) shares recently saw a notable decline of 6.4%. This movement came despite the company surpassing first-quarter earnings expectations. However, the tech giant issued a cautious revenue outlook for the second quarter, ranging from $11.2 billion to $12.4 billion. This outlook is lower than the $12.82 billion initially anticipated by analysts. While Intel experienced revenue growth in its Datacenter and AI sectors, its Client Computing Group faced declines, contributing to market concerns.
Wall Street Analysts Forecast
Currently, 31 analysts offer their one-year price targets for Intel Corp (INTC, Financial). The average target price is set at $22.18, with estimates ranging from a high of $31.00 to a low of $17.70. This average target indicates a potential upside of 3.20% from the current stock price of $21.49. Investors seeking more detailed information can visit the Intel Corp (INTC) Forecast page for comprehensive data.
When examining the consensus recommendation from 46 brokerage firms, Intel Corp's (INTC, Financial) current status is a "Hold," with an average brokerage recommendation of 3.0. This rating is anchored on a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.
According to GuruFocus estimates, Intel Corp (INTC, Financial) is projected to have a GF Value of $26.95 within a year. This represents a promising upside of 25.41% from the present stock price of $21.49. The GF Value metric encapsulates what GuruFocus identifies as the fair trading value for the stock. It accounts for historical trading multiples, past business growth, and future performance estimates. For more in-depth analysis, individuals can refer to the Intel Corp (INTC) Summary page.
