Bank of America (BofA) has revised its price target for Intel (INTC, Financial), reducing it from $25 to $23 while maintaining a Neutral rating on the stock. Despite anticipating strong first-quarter results for U.S. chip vendors, due in part to initial conservative estimates and increased demand from tariff-related pull-ins, BofA remains cautious about future challenges.
According to the firm's analysis, potential tariff scenarios could significantly impact the sector. In a scenario where tariffs are moderately increased, chipmakers could experience an average sales decline of 4% to 6%. If tariffs deepen further, more severe sales drops of 9% and 12% could occur in 2025 and 2026, respectively. Earnings per share could also be adversely affected by 12% to 13% under a modest tariff scenario.
Reflecting these uncertainties, BofA has adjusted its targets across the semiconductor sector, including Intel. The firm highlights the ongoing challenges and the potential for tariff impacts to disrupt growth in the coming years.
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 $22.64 with a high estimate of $31.00 and a low estimate of $17.70. The average target implies an upside of 14.06% from the current price of $19.85. 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 36.68% from the current price of $19.85. 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.
