Will Intel (INTC) Stock Drop to $50?
's (NASDAQ: INTC) stock has surged nearly 260% over the past 12 months, and it's hovering near its all-time highs. However, the chipmaker's stock already trades nearly 40% above Wall Street's median price target of $50 -- so is it due for a steep pullback?
Image source: Getty Images.
A year ago, Intel's stock was trading at its lowest levels in over a decade. It had fallen behind TSMC (NYSE: TSM) in the "process race" to manufacture smaller, denser chips; it lost a massive slice of the x86 CPU market to (NASDAQ: AMD); and it seemingly missed the secular shifts toward mobile devices and AI-driven data centers. As it grappled with those issues, it experienced jarring strategic shifts under four different CEOs in just seven years. It also suspended its dividend in 2024.
Source Fool.com
Intel Corp. Stock
With 22 Buy predictions and 24 Sell predictions the community is currently undecided on Intel Corp..
The target price of 25 € compared with the current price of 58.21 € for the stock indicates a negative potential of -57.05%.
