Intel (INTC, Financial) is contesting a fine imposed by EU antitrust regulators amounting to $421.4 million, which was reinstated after being initially overturned. The company argued in court that the fine was disproportionate and unjust. This legal battle traces back to 2009 when Intel was originally fined EUR 1.06 billion by the European Commission for allegedly obstructing a competitor's access to the market.
In 2022, Intel succeeded in getting the General Court to annul the hefty penalty. However, the court upheld a portion of the Commission's 2009 decision, which led to the European Union watchdog reinstating a reduced fine of EUR 376 million. Intel continues to challenge this decision, maintaining that the penalties enforced are unfair in light of the circumstances.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Intel Corp (INTC, Financial) is $21.26 with a high estimate of $28.30 and a low estimate of $14.00. The average target implies an downside of 1.35% from the current price of $21.55. More detailed estimate data can be found on the Intel Corp (INTC) Forecast page.
Based on the consensus recommendation from 47 brokerage firms, Intel Corp's (INTC, Financial) average brokerage recommendation is currently 3.1, 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 $23.51, suggesting a upside of 9.1% from the current price of $21.55. 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.
