Is It Too Late to Buy Intel Stock?
Intel (NASDAQ: INTC) seems to have finally broken its downtrend. Following a strong earnings report, it surged nearly 7% higher and is up 30% this year.
But despite that significant increase, investors may still have time to get in on the recovery for this semiconductor stock. A closer look reveals why.
Revenue for the second quarter of 2023 came in at just under $13 billion. Since that is down 15% year over year, one might not see that as a buy signal. A $2.3 billion income tax benefit helped its generally accepted accounting principles (GAAP) net income rise to around $1.5 billion, and non-GAAP earnings were $547 million.
Source Fool.com
Intel Corp. Stock
€82.99
-7.140%
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 25 Sell predictions.
However, we have a potential of -13.24% for Intel Corp. as the target price of 72 € is below the current price of 82.99 €.
