Where Will Intel Stock Be in 1 Year?
's (NASDAQ: INTC) stock rallied nearly 7% on July 28 after the chipmaker posted its second-quarter earnings report. Its revenue declined 15% year over year to $12.9 billion, which still exceeded analysts' expectations by $760 million. Its adjusted earnings per share (EPS) fell 54% to an adjusted $0.13 whereas analysts had forecast a loss of $0.03.
Intel's sales and profits are still shrinking, but some signs of a cyclical turnaround are finally appearing. Let's look at those green shoots and see if they suggest that Intel's stock can head higher over the next 12 months.
Image source: Getty Images.
Source Fool.com
Intel Corp. Stock
€88.62
-2.360%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 25 Sell predictions.
However, we have a potential of -21.01% for Intel Corp. as the target price of 70 € is below the current price of 88.62 €.
