Is Intel Stock a Buy?
Investors are taking a new look at 's (NASDAQ: INTC) stock after the appointment of Lip-Bu Tan as its new CEO. He takes over as Intel struggles to catch up to competitors and develop a foundry business that can compete with Taiwan Semiconductor Manufacturing and Samsung.
Due to Intel stock's decline and the company's failed attempts to catch up under previous management teams, its stock trades at levels it first reached in 1997. The question now is whether Intel can ignite a long-awaited recovery or whether Intel investors are destined for more stagnation amid the intense competition in the semiconductor industry.
Investors may not know what to make of the semiconductor stock as Tan takes the helm. The company allowed its industry lead to disappear in the 2010s. Then, ambitious plans under former CEO Pat Gelsinger to recapture its technical lead did not come to pass, and it is likely too early to tell if it can again become a top chip producer with its foundry business.
Source Fool.com
Intel Corp. Stock
Currently there is a rather negative sentiment for Intel Corp. with 13 Buy predictions and 19 Sell predictions..
This results in a negative potential of -44.94% based on a current price of 41.77 € and a target price of 23 € for the stock.
