Intel (NASDAQ:INTC) Internet Of Things Group Revenue rose from $4 billion in 2020 to $5.4 billion in 2021. Trefis expects the metric to rise to about $6 billion in 2022 and to $6.75 billion in 2023.
We expect revenue to be driven by increasing 5G deployment and Intel’s growing offering of processors and software packages focused on the IoT space.
We don’t think the projected growth in Intel’s revenue is priced into its stock. We value INTC at about $52 per share, 20% ahead of the current market price.
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