Forecast Of The Day: Intel’s Internet Of Things Revenue
What?
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.
Why?
- Down 29% This Year, What Lies Ahead For Intel Stock Following Q1 Earnings?
- Will Intel Stock Return To Pre-Inflation Shock Highs Of $68?
- Gaining 50% Over The Last 12 Months, Will Intel Stock Rally Further After Q4 Results?
- Will Intel Stock Recover To Pre-Inflation Shock Highs?
- Up 44% This Year And With Foundry Plans Taking Shape, Will Intel Stock See Further Gains?
- What To Expect From Intel’s Q3 Results?
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.
So What?
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.
See Our Complete Analysis For Intel
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Invest with Trefis Market Beating Portfolios