In a recent update, Mizuho analyst Vijay Rakesh has reaffirmed a "Neutral" rating for Intel (INTC, Financial) while adjusting the company's price target upward. The updated price target for Intel is set at $23.00 USD, representing a 4.55% increase from the previous target of $22.00 USD.
This decision reflects a maintained stance on Intel's current market performance, as the "Neutral" rating remains unchanged from its prior assessment. The adjustment in the price target suggests a modestly optimistic outlook for Intel's stock performance in the near term.
The move comes amid ongoing developments within the tech industry, and it highlights Mizuho's continued monitoring of Intel's market position and financial prospects. Investors are advised to consider this updated price target and maintained rating when evaluating their positions in Intel (INTC, Financial).
As Intel (INTC, Financial) continues to navigate the competitive landscape, this latest analysis by Mizuho provides an insight into the company's potential trajectory within the tech sector.
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 $21.24 with a high estimate of $28.30 and a low estimate of $14.00. The average target implies an downside of 2.94% from the current price of $21.88. 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 3.1, 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 $23.86, suggesting a upside of 9.05% from the current price of $21.88. 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.
