Key Takeaways:
- Intel is exiting its automotive business, leading to workforce reductions.
- The company's shares saw a minor decline following the announcement.
- Analysts maintain a "Hold" recommendation for Intel Corp stock.
Intel (INTC, Financial) has announced its decision to phase out its automotive segment, a move that will result in significant employee layoffs within that unit. Despite this shift, Intel plans to adhere to its current commitments and maintains its stake in Mobileye following its 2022 IPO. Following the news, Intel's stock experienced a slight decrease.
Analyst Insights and Forecasts
In a comprehensive review by 32 Wall Street analysts, the one-year price target for Intel Corp (INTC, Financial) averages at $21.20. Projections vary with a bullish estimate reaching $28.30, while more conservative forecasts predict a low of $14.00. This average target price suggests a potential downside of 5.36% from Intel's recent trading price of $22.41. Investors seeking further detailed estimates can visit the Intel Corp (INTC) Forecast page.
Brokerage firms have currently placed Intel Corp in a "Hold" position based on the consensus recommendation derived from 47 firms. This average brokerage recommendation stands at 3.1 on a scale where 1 represents a "Strong Buy" and 5 indicates a "Sell."
Understanding GF Value Estimates
The GF Value for Intel Corp (INTC, Financial) in an upcoming year is estimated at $23.76, indicating a potential upside of 6.05% from its current price of $22.405. The GF Value is GuruFocus's metric for the fair trading value of the stock. This calculation is grounded in historical trading multiples, previous business growth, and future performance projections. For more in-depth insights, refer to the Intel Corp (INTC) Summary page.
