Analyse Intel stock

Adjusted price target instead of confirmation: The consensus price target of 78.24 EUR is below the current price of 105.19 EUR, but based on the available key figures it still appears too high for Intel. A P/E ratio of 111.56 is fundamentally difficult to justify for a capital-intensive semiconductor company with cyclical business, high investment needs and recently weak earnings quality.

Quantitative: The market capitalization of 548.3 billion EUR already implies very high expectations. Even with an operational recovery, the valuation appears ambitious relative to historical multiples and too many peers. The strong price band between...