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
€54.11
-2.560%
Based on 22 Buy predictions and 23 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -53.8% which would mean heavy losses compared to the current price of 54.11 € for Intel Corp..
