UBS analyst Timothy Arcuri has adjusted the price target for Intel (INTC, Financial), reducing it slightly from $23 to $22. This adjustment comes ahead of an anticipated earnings report for the semiconductor industry. Despite the lowered target, Arcuri continues to hold a Neutral rating on Intel's shares.
In his research note, Arcuri suggests that the semiconductor sector may be in line for a potential rally. Investors are being advised to monitor upcoming developments in the industry closely, as the earnings preview unfolds.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Intel Corp (INTC, Financial) is $22.86 with a high estimate of $31.00 and a low estimate of $17.70. The average target implies an upside of 15.81% from the current price of $19.74. 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 $27.13, suggesting a upside of 37.44% from the current price of $19.74. 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.
