Summary:
- Intel and TSMC partner in a joint venture, with TSMC acquiring a 20% stake.
- Despite a 12% rise this year, Intel's stock is dipping in premarket trading.
- Analysts predict a potential upside for Intel with a "Hold" recommendation.
Intel (INTC, Financial) and Taiwan Semiconductor Manufacturing Co. (TSMC) have initiated a strategic move by forming a tentative joint venture to bolster Intel's foundry operations. In this partnership, TSMC will secure a 20% equity stake, marking a significant collaboration in the semiconductor industry. While Intel shares have enjoyed a 12% increase this year, they are currently experiencing a dip in premarket trading, prompting investors to reassess their positions.
Wall Street Analysts' Forecast for Intel
According to projections from 32 analysts, the one-year average target price for Intel Corp (INTC, Financial) stands at $22.86. Analysts are forecasting a potential high of $31.00 and a low of $17.70. This average target price suggests a possible upside of 8.32% from the current trading price of $21.11. For a more comprehensive view of the stock's future outlook, visit the Intel Corp (INTC) Forecast page.
Analyst consensus indicates a current "Hold" status for Intel Corp (INTC, Financial), reflected by an average brokerage recommendation of 3.0 from 46 brokerage firms. This rating is based on a scale from 1 (Strong Buy) to 5 (Sell), emphasizing a cautious but stable sentiment surrounding the stock.
Furthermore, GuruFocus's valuation estimates predict the GF Value for Intel Corp (INTC, Financial) in one year at $27.14. This valuation suggests a promising upside of 28.6% from the existing price of $21.105. The GF Value is GuruFocus's calculation of the stock's fair trading value, derived from the stock's historical trading multiples, business growth metrics, and projected future performance. Explore more detailed figures on the Intel Corp (INTC) Summary page.
