2 Beaten-Down Stocks That Could Come Roaring Back
The stock market has rebounded over the past few months, but some struggling stocks have been left behind. Unity (NYSE: U) and (NASDAQ: INTC) are facing serious challenges, and it will take time for their turnarounds to gain traction. In both cases, new CEOs are making big changes with the potential to get the companies back on track. While Unity and Intel are risky stocks, they could soar on any positive progress.
Image source: Getty Images.
Video game engine developer Unity went through a major restructuring last year. A company reset led to significant layoffs and the exit from multiple non-core businesses. A new CEO stepped in last May with extensive experience in the mobile games business. While progress has been slow, the early results are promising.
Source Fool.com
Intel Corp. Stock
Currently there is a rather negative sentiment for Intel Corp. with 14 Buy predictions and 19 Sell predictions..
This results in a negative potential of -25.7% based on a current price of 30.96 € and a target price of 23 € for the stock.
