2 Reasons to Buy Intel Stock
Shares of Intel (NASDAQ: INTC) shot up to a 52-week high after the company easily crushed estimates with a terrific third-quarter report in late October. Though Chipzilla's challenges in its client computing group continued thanks to a stagnating PC market, it pulled enough strings in other fast-growing areas to satisfy investors' expectations.
The company's latest results are proof that it is making good progress to thrive in a post-PC era. Intel's combined revenue from its Internet of Things (IoT) and non-volatile memory solutions divisions jumped 30% year-over-year to $1.74 billion. These businesses now supply almost 11% of Intel's total revenue, up from 8.4% in the prior-year period.
Image Source: Intel
Source: Fool.com
Intel Corp. Stock
€87.92
1.590%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -20.38% for Intel Corp. as the target price of 70 € is below the current price of 87.92 €.
