Why I Love Intel Corporation
As a longtime bull, I was somewhat disappointed with Intel's (NASDAQ: INTC) first quarter. Yes, total revenue climbed 8% to $14.8 billion to kick off the year marking yet another record-breaking quarter, but there were also warning signs, including anemic growth in what has become Intel's core focus: Namely data centers and the Internet of Things (IoT).
Old-school PCs were, and still are, the primary revenue driver, but as investors saw in Intel's second quarter, the so-so start to 2017 was little more than a blip on the radar. PC sales are still leading the way, but CEO Brian Krzanich's transformation to high-growth markets rebounded which is one reason I still love Intel.
Image source: Getty Images.
Source: Fool.com
Intel Corp. Stock
€28.63
0.630%
Our community is currently high on Intel Corp. with 25 Buy predictions and 11 Sell predictions.
With a target price of 42 € there is a positive potential of 46.7% for Intel Corp. compared to the current price of 28.63 €.
