Key Highlights:
- Intel (INTC, Financial) and TSMC are exploring a potential joint venture, boosting Intel shares by 2%.
- Wall Street analysts predict a modest upside for Intel's stock, with a one-year target of $22.86.
- The GF Value estimate suggests a potential 21% increase in Intel's stock, indicating a possible undervaluation.
Intel and TSMC's Strategic Discussions
In a move attracting significant attention from investors, Intel (INTC) and Taiwan Semiconductor Manufacturing Company (TSMC) are reportedly in the early stages of talks about forming a joint venture for Intel's foundry division. It's speculated that TSMC would potentially own a 20% stake in this strategic partnership. Following this announcement, Intel's shares experienced a 2% increase, while TSMC's stock saw a decline, dropping nearly 8%.
Analysts' Projections for Intel Corp
According to the projections from 32 analysts, Intel Corp's (INTC, Financial) stock is forecasted to reach an average price target of $22.86 in the coming year, with estimates spanning from a high of $31.00 to a low of $17.70. This average target price suggests a slight upside of 1.92% from the current trading price of $22.43. For more comprehensive insights, you can visit the Intel Corp (INTC) Forecast page.
Brokerage Recommendations and GF Value Estimation
Currently, the consensus among 46 brokerage firms is a "Hold" rating for Intel Corp (INTC, Financial), with an average recommendation score of 3.0 on a scale where 1 stands for Strong Buy and 5 represents Sell. This consensus reflects a cautious but stable outlook for the stock.
Moreover, according to GuruFocus estimates, the GF Value for Intel Corp (INTC, Financial) is projected to be $27.14 in one year, pointing to a potential upside of 21% from its current price of $22.43. The GF Value represents GuruFocus' calculation of the fair value, derived from historical trading multiples, past growth, and future business performance estimates. For an in-depth analysis, refer to the Intel Corp (INTC) Summary page.
