INTC: Intel Stock Jumps After Posting Strongest Earnings Since 2023
Oct 24 - Intel 
INTC shares climbed nearly 7% on early Friday after the chipmaker beat third-quarter profit expectations.
The company reported adjusted earnings of $0.23 a share on roughly $13.7 billion of revenue, topping analysts' forecasts and showing an improved non-GAAP gross margin of about 40%.
Results arrived as Intel, which has recently attracted investments from Nvidia (NVDA) and Japan's SoftBank, and a significant U.S. government stake, continues efforts to cut costs and refocus on chips for AI and data centers.
Management flagged continued capital spending plans and gave a Q4 revenue range of about $12.8 billion to $13.8 billion, underscoring that investment will support longer-term capacity and product road maps.
Traders said the earnings beat, paired with high-profile financings, helped soothe investor worries about Intel's turnaround, though some market watchers caution that execution on manufacturing upgrades remains crucial.
Is INTC Stock a Buy?
Based on the one year price targets offered by 35 analysts, the average target price for Intel Corp is $28.23 with a high estimate of $43.00 and a low estimate of $14.00. The average target implies a downside of -26.02% from the current price of $38.16.
Based on GuruFocus estimates, the estimated GF Value for Intel Corp in one year is $23.37, suggesting a downside of -38.76% from the current price of $38.16. 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. for deeper insights, visit the forecast page.