Is It Too Late to Buy Intel Stock?
's (NASDAQ: INTC) stock jumped 9% on Oct. 27 after it posted its third-quarter earnings report. The chipmaker's revenue fell 8% year over year to $14.2 billion but exceeded analysts' expectations by $560 million. Its adjusted earnings grew 11% to $0.41 per share and also cleared the consensus forecast by $0.19 per share.
Intel's revenue is still declining year over year, but its stock has already risen about 34% in 2023 in anticipation of the PC market's cyclical turnaround. Does this chip giant still have room to run, or it too late to hop aboard the bullish bandwagon?
Image source: Getty Images.
Source Fool.com
Intel Corp. Stock
€27.96
1.360%
Our community is currently high on Intel Corp. with 28 Buy predictions and 13 Sell predictions.
With a target price of 40 € there is a positive potential of 43.06% for Intel Corp. compared to the current price of 27.96 €.
