3 Reasons Why Intel Is an Acquisition Target
Intel (NASDAQ: INTC) stock rose more than 9% on Jan. 17 after online news site SemiAccurate reported that a mystery buyer expressed interest in buying the company. That put the spotlight on the troubled chipmaker that once dominated the semiconductor industry.
Intel's woes have taken the stock down to multiyear lows, and some indications point to the overdone pessimism that arguably makes it an acquisition target. The prospective buyer may have a point for three reasons.
In this case, valuation does not refer to the P/E ratio, which is more than 100 thanks to falling earnings. Instead, the valuation issues revolve around the stock's book value, specifically its price-to-book ratio.
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 €.
