- Intel (INTC, Financial) is executing a significant global workforce reduction impacting 20,000 jobs to boost its AI sector competitiveness.
- Analyst predictions suggest a potential downside for the stock, with mixed recommendations from brokerages.
- GuruFocus estimates a slight upside for Intel's stock based on its GF Value assessment.
Intel Corp. (INTC) is undergoing a major restructuring, announcing plans to trim 529 jobs in Oregon by mid-July as part of a broader effort to cut 20,000 positions globally. This move marks the first significant operational shift under CEO Lip-Bu Tan's leadership, as the company endeavors to bolster its standing in the ever-competitive AI sector following a period of declining sales and profits.
Wall Street Analysts' Predictions for Intel
According to 32 analysts, the average price target for Intel Corp (INTC, Financial) over the next year is $21.33, with estimates ranging from a high of $28.30 to a low of $14.00. This average target indicates a potential downside of 9.45% from Intel's current price of $23.56. For a more comprehensive analysis, visit the Intel Corp (INTC) Forecast page.
In terms of analyst recommendations, the consensus from 46 brokerage firms currently places Intel Corp (INTC, Financial) at an average recommendation of 3.1, which corresponds to a "Hold" rating. This rating is part of a scale from 1 (Strong Buy) to 5 (Sell).
GuruFocus Valuation Insights
GuruFocus provides its own evaluation through the GF Value metric, estimating that Intel Corp (INTC, Financial) should be valued at $23.86 in one year. This suggests a slight upside of 1.29% from the current stock price of $23.555. The GF Value is determined by analyzing historical price multiples, past business growth, and projected future performance. Further details are available on the Intel Corp (INTC) Summary page.
