Intel (INTC, Financial) has announced the closure of its architecture automotive division, resulting in widespread layoffs within that sector. This decision is part of the company's broader strategy to downsize and concentrate on its main sectors, as noted in communication with its employees. Intel has assured that it will honor its current commitments with customers. The move aligns with Intel's intention to enhance its core offerings in the client and data center sectors, aiming to better serve customer needs. As a result, the automotive business within the client computing group will be phased out, and the company is dedicated to ensuring a smooth transition for their clients.
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 $21.20 with a high estimate of $28.30 and a low estimate of $14.00. The average target implies an downside of 5.63% from the current price of $22.47. 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 $23.76, suggesting a upside of 5.74% from the current price of $22.47. 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.
