Why Intel Stock Kept Going Up Today
Shares of semiconductor company Intel (NASDAQ: INTC) tacked on another 3.2% through 12:45 p.m. ET on Friday, the stock's third straight day of gains.
Part of the reason for Intel's mini price rally is its new guidance on earnings, which CEO Pat Gelsinger announced at the 2023 DB Tech Conference yesterday. With the third quarter underway, Intel believes it is already above the midpoint of its guidance for third-quarter earnings, and therefore on track to beat analyst forecasts for a profit of $0.21 per share.
But that wasn't the only good news Intel shared.
Source Fool.com
Intel Corp. Stock
€28.57
0.180%
Our community is currently high on Intel Corp. with 27 Buy predictions and 12 Sell predictions.
With a target price of 38 € there is a positive potential of 33.01% for Intel Corp. compared to the current price of 28.57 €.
