Is Intel Stock a Buy Now?
Semiconductor giant (NASDAQ: INTC) is undergoing a tumultuous time in its storied history. Despite competitors such as Nvidia seeing surging sales amid the artificial intelligence (AI) boom, Intel is struggling.
Sales suffered a 2% year-over-year drop to $53.1 billion for Intel's 2024 fiscal year, ended Dec. 28. The firm has been struggling to perform for some time, which led to the ouster of CEO Pat Gelsinger last year. Lip-Bu Tan took over the CEO spot in March.
Now, Intel stock's price-to-book (P/B) ratio hovers around a multiyear low. This suggests the shares may be undervalued. So is now the time to scoop up the stock?
Source Fool.com
Intel Corp. Stock
€39.59
-1.890%
Currently there is a rather negative sentiment for Intel Corp. with 15 Buy predictions and 18 Sell predictions..
This results in a negative potential of -36.85% based on a current price of 39.59 € and a target price of 25 € for the stock.
