Here's Where I Think Intel Stock Will Be at the End of 2030
Can the stock keep up if the chipmaker's profits more than double?
Intel's stock price has witnessed a significant decline, dropping 57% from $140.94 to $60.55 since June 2022. The company anticipates its adjusted earnings per share (EPS) to more than double between 2025 and 2030, reaching around $3.25 a share. This projection is primarily driven by robust performance in the server chips segment, particularly in data centers and AI applications.
However, Intel's PC unit sales are expected to decline by around 12% in 2026, with further declines anticipated in 2027. Despite this, Intel projects its revenue to reach approximately $90 billion by 2030, a substantial increase from $52.9 billion in 2025. If the company achieves its fourth-quarter earnings forecast of $0.25 per share, the stock could potentially trade at $65, despite trading at a valuation of 41 times earnings today.
The company has chosen to suspend its dividend in 2024, leaving the stock price as the primary return for investors. While there is potential for Intel to exceed these projections if demand continues to grow for its Xeon server chips and the foundry business expands faster than expected, the stock appears to be trading at a high valuation relative to its earnings.
The author believes the stock could be more interesting at around $44 a share, delivering around 10% annual returns.
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