Intel Corp
INTC: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$43.00 | Jjhm | Sgzkxcwv |
Intel Earnings: We’re a Bit More Optimistic About Intel’s Turnaround Plans
No-moat Intel reported third-quarter results and provided investors with a fourth-quarter outlook that were ahead of our expectations, as its PC processor business recovers from a previously dreadful demand environment. We raise our fair value estimate to $40 from $35, and even with shares up about 8% after hours, we view shares as slightly undervalued.