Is Intel Stock a Buy Now?
After a stellar performance in 2023 that saw shares rising 90%, (NASDAQ: INTC) is off to an ominous start in the new year, losing more than 6% of its value as of this writing.
The drop in Intel stock may initially seem a bit surprising in the absence of any company-specific information that could have negatively impacted investor sentiment. However, savvy investors may be asking if the recent pullback in Intel stock could be used as an opportunity to buy more shares of the chipmaker considering that it is set for a turnaround in 2024.
Let's check if that could indeed be the case.
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 €.
