Intel stock currently trades at $33 per share, about 52% below the levels seen on April 9, 2021 (pre-inflation shock high). Intel
INTC
Now, returning to the pre-inflation shock level would mean that Intel stock will have to gain over 100% from here. However, we estimate Intel’s valuation to be around $31 per share, roughly in line with the current market price due to a risk of headwinds from an uncertain macro environment and mounting competition from the likes of AMD in the server processor market that the company currently dominates. That said, Intel could see an upside from its upcoming data center chips and its cost-cutting plans, which could see the company cut expenses by $3 billion in 2023 and up to $10 billion by the end of 2025.
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