Is Intel Stock a Buy Now?
The past year has been a terrible one for (NASDAQ: INTC) investors as share prices of the once-mighty semiconductor giant have fallen 55%, driven by the company's inability to capitalize on hot technology trends such as artificial intelligence (AI) and market share losses to rivals.
However, Chipzilla's fourth-quarter 2024 results (which were released on Jan. 30) did provide a glimmer of hope to investors, even if for a brief period. The stock rose initially after the results were released as it beat Wall Street's estimates, but it wasn't long before it retreated nearly 3% as more details emerged.
Let's see why that was the case and check if Intel's latest results were good enough to warrant a buy.
Source Fool.com
Intel Corp. Stock
€87.92
1.590%
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 87.92 € for Intel Corp., so the potential is actually -20.38%.
