Is Intel Stock a Buy Now?
It's been a tough year for (NASDAQ: INTC). Its stock price has been essentially cut in half since Jan. 1 and it was booted out of the Dow Jones Industrial Average index in November. To add insult to injury, the company Intel tried to buy in 2005, Nvidia, has gone on to become the second-largest company in the world (based on market cap) and replaced it in the Dow.
But a new year is just around the corner, and with it comes the potential for change. Is Intel poised to rebound in 2025?
A quick look at Intel's Q3 numbers shows why the stock has been struggling. The chipmaker saw a 6% year-over-year decline in sales while flipping from adjusted earnings per share (EPS) of $0.41 last year to a per-share loss of $0.46 this year. The semiconductor company's biggest issue is its third-party foundry business, which it launched in 2021 to help drive growth. Instead, it has been piling up losses.
Source Fool.com
Intel Corp. Stock
Our community is currently low on Intel Corp. with 11 Buy predictions and 19 Sell predictions.
A potential of -26.75%, resulting from comparing the current price of 31.4 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
