Why Did Intel Stock Pop on Wednesday?
Intel (NASDAQ: INTC) stock soared 10.8% through 11:35 a.m. ET Wednesday after Bernstein SocGen Group analyst Stacy Rasgon raised his price target from $35 to... $36.
Does a 10% stock price pop seem an overreaction to you, coming in response to a less than 3% increase in price target? It does to me -- especially when you notice that Intel stock already costs more than $53 a share!
In fact, Rasgon only rated Intel stock "market perform" and declined to upgrade it. But here's the thing: Rasgon isn't the only Wall Street analyst talking about Intel today.
Source Fool.com
Intel Corp. Aktie
43,65 €
5,32 %
Ausgeglichenes Verhältnis bei der Intel Corp. Aktie mit 19 Buy- und 20 Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 29 € für Intel Corp. zeigt ein Potenzial von über 20% Rückgang im Vergleich zum aktuellen Kurs von 43.65 €.
