Intel (INTC) Stock Forecast & Price Target

$22.38

-0.21 (-0.93%)

(As of 10/7/2024 ET)

Intel - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 30 Analyst Ratings

Sell
5

Hold
24

Buy
1

Based on 30 Wall Street analysts who have issued ratings for Intel in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 30 analysts, 5 have given a sell rating, 24 have given a hold rating, and 1 has given a buy rating for INTC.

Consensus Price Target

$31.96
42.81% Upside

According to the 30 analysts' twelve-month price targets for Intel, the average price target is $31.96. The highest price target for INTC is $62.00, while the lowest price target for INTC is $17.00. The average price target represents a forecasted upside of 42.81% from the current price of $22.38.

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INTC Analyst Ratings Over Time

Type	Current Forecast 10/8/23 to 10/7/24	1 Month Ago 9/8/23 to 9/7/24	3 Months Ago 7/10/23 to 7/9/24	1 Year Ago 10/8/22 to 10/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)
Hold	24 Hold rating(s)	24 Hold rating(s)	22 Hold rating(s)	22 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	3 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$31.96	$32.04	$39.58	$34.24
Forecasted Upside	42.81% Upside	69.61% Upside	14.44% Upside	-5.38% Downside
Consensus Rating	Reduce	Reduce	Hold	Hold

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INTC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

INTC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Intel Stock vs. The Competition

Type	Intel	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.87	2.66	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	42.56% Upside	1,680.82% Upside	7.79% Upside
News Sentiment Rating	Positive News See Recent INTC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/3/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Hold ➝ Hold	$27.00 ➝ $25.00	+13.28%
9/23/2024	Benchmark 2 of 5 stars	C. Acree Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
9/16/2024	TD Cowen 4 of 5 stars	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/26/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/8/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$36.00 ➝ $22.00	+15.85%
8/6/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kelleher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
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8/2/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Moderate Sell
8/2/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell ➝ Sell	$17.00 ➝ $17.00	-20.86%
8/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$37.00 ➝ $32.00	+51.23%
8/2/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$68.00 ➝ $42.00	+98.49%
8/2/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$35.00 ➝ $25.00	+18.60%
8/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $25.00	+19.56%
8/2/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$40.00 ➝ $27.00	+30.25%
8/2/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$32.50 ➝ $25.00	+18.54%
8/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$33.00 ➝ $25.00	+13.90%
8/2/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$35.00 ➝ $26.00	-10.50%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$29.00 ➝ $22.00	-24.27%
8/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$36.00 ➝ $25.00	-13.94%
8/2/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$35.00 ➝ $26.00	-10.50%
8/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Pajjuri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
8/2/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Reduce
8/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$35.00 ➝ $23.00	-20.83%
5/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold ➝ Hold	$42.00 ➝ $34.00	+13.90%
4/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$43.00 ➝ $38.00	+19.87%
4/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$40.00 ➝ $36.00	+2.53%
4/26/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$42.00 ➝ $35.00	-0.31%
4/26/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
4/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$47.50 ➝ $40.00	+11.20%
4/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$45.00	+2.41%
8/4/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$72.00 ➝ $46.00	+31.69%
7/28/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$32.00 ➝ $36.00	-0.36%
7/28/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$32.00 ➝ $40.00	+15.77%
5/31/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
3/30/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$25.00	-22.09%
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	$31.00 ➝ $26.00	-13.59%
11/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$31.00	+4.27%
10/28/2022	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$40.00 ➝ $30.00	+4.82%
10/28/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
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10/28/2022	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:39 AM ET.

Should I Buy Intel Stock? INTC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 6, 2024. Please send any questions or comments about these Intel pros and cons to contact@marketbeat.com.

Intel
Bull Case

Here are some ways that investors could benefit from investing in Intel Co.:

Intel Co.'s stock price has shown a 4.4% increase recently, indicating potential positive momentum.
Intel Co. has a market capitalization of $100.66 billion, reflecting its significant size and stability in the market.
The company's current ratio of 1.59 and quick ratio of 1.24 suggest strong liquidity positions.
Intel Co. operates in various segments including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services, diversifying its revenue streams.
With a beta of 1.03, Intel Co. exhibits a moderate level of volatility compared to the market, potentially offering a balanced risk-return profile for investors.

Intel
Bear Case

Investors should be bearish about investing in Intel Co. for these reasons:

Intel Co. has received multiple "hold" and "neutral" ratings from analysts, indicating a lack of strong buy recommendations.
The company's recent quarterly earnings report showed a significant miss on earnings per share, potentially signaling operational challenges.
Intel Co.'s revenue for the quarter was down .8% compared to the same period last year, raising concerns about its growth trajectory.
Analysts forecast a negative earnings per share for the current year, suggesting potential profitability issues in the short term.
Despite a dividend yield of 2.19%, Intel Co.'s payout ratio of 52.08% may indicate limited room for dividend growth or reinvestment in the business.

INTC Forecast - Frequently Asked Questions

: According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Intel is $31.96, with a high forecast of $62.00 and a low forecast of $17.00.
: 30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intel in the last year. There are currently 5 sell ratings, 24 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" INTC shares.
: According to analysts, Intel's stock has a predicted upside of 42.81% based on their 12-month stock forecasts.
: Over the previous 90 days, Intel's stock had 8 downgrades and 2 upgrades by analysts.
: Intel has been rated by research analysts at Argus, Bank of America, Barclays, Benchmark, Cantor Fitzgerald, Daiwa America, Deutsche Bank Aktiengesellschaft, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Mizuho, Morgan Stanley, New Street Research, Northland Securities, Raymond James, Rosenblatt Securities, Roth Mkm, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wedbush in the past 90 days.
: Analysts like Intel less than other "computer and technology" companies. The consensus rating for Intel is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how INTC compares to other companies.