Intel Shares Look Promising (INTC)

Intel Corp (NASDAQ:INTC) blew away analyst estimates last month when the chip giant reported EPS of 51 cents on sales of $10.8 billion, beating the Street by 9 cents.  The guidance was even better, a Q3 forecast of $11.6 billion when the Street was expecting $10.92 billion.

Intel helped rally stocks last month and after its shares got up to $22 its stock price has cooled off close to 3%.  INTC shares are trading at $20.73 today and if anything, its an opportunity to get in should the market begin to trade higher, not to mention it's a promising company.

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Intel Corp (INTC) shares have traded between $18.31 and $24.37 over the past 12 months.  Intel shares are now trading with a P/E Ratio of 12.5 and EPS of 1.67.  That brings Intel's current market cap to $115.4 billion and its shares have moved up 11.67% from its 52-week low.

Rather than listen to our crappy site talk about how wonderful we think Intel Corp may be as a potential shareholder, take a gander at the analyst estimates on INTC since April:

The point to be made is even with the lowest target price of $25, its still a 20% increase from where shares stand today.  If you think Intel can get to $30 or $32 and still factor in that $25 target price, the average between all three of those clowns comes in at a 39% gain within 12 months.

Fellow Masters, last month Intel reported is best quarter ever in its 42 year history and they are all rosey about their future.  Maybe, just maybe the 900 analysts (actually 40) covering this company might be right about a $25 to $30 target price -- you make the call.

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Disclaimer: No positions in INTC.