Intel’s Shares Surpass Analyst’s Target Price: What’s Next?
In recent trading, shares of Intel Corp (Symbol: INTC) have surpassed the average analyst 12-month target price of $23.98, currently priced at $24.13 per share. When a stock meets or exceeds an analyst’s target, they must decide how to respond: either downgrade their valuation or raise their target price. Analysts’ reactions often hinge on the company’s performance; if Intel shows positive developments, raising the target could be warranted.
There are 31 different analyst targets for Intel in the Zacks coverage universe contributing to this average. However, this average consists of various opinions, some more favorable than others. One analyst has set a low target of $18.00, while another predicts a price as high as $62.00, with a standard deviation of $8.978 reflecting the diversity of opinions.
The reason investors pay attention to the average INTC price target is to gauge collective insights gathered through a “wisdom of crowds” approach. With Intel now trading above the average target price of $23.98, this prompts investors to evaluate the situation further. They must ask themselves whether this is merely a checkpoint on the way to a higher target or if the stock’s valuation has reached a point where it’s time to consider selling some shares. The table below summarizes the current ratings from analysts covering Intel Corp:
| Recent INTC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 30 | 30 | 30 | 30 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 5 | 5 | 5 | 5 |
| Average rating: | 3.24 | 3.24 | 3.24 | 3.24 |
The average rating in the table ranges from 1 to 5, with 1 being a Strong Buy and 5 a Strong Sell. The data used in this article was sourced from Zacks Investment Research via Quandl.com. For the latest Zacks research report on INTC, visit their site for more information.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
