Why Intel Stock Popped on Friday
Intel (NASDAQ: INTC) stock gained 2.5% through 10 a.m. ET Friday on positive comments about the computer hardware titan's progress building a computer software business.
As Reuters reports, Intel chief technology officer Greg Lavender painted a positive picture of Intel's software prospects, saying the company is on course for $1 billion in software sales through 2027.
Reuters described the figure as "cumulative," but that may be incorrect. What Lavender actually said was: "I have a goal of getting to $1 billion of software and developer cloud subscription revenue," with a focus on artificial intelligence (AI), performance, and cybersecurity software.
Source Fool.com
Intel Corp. Stock
€87.46
10.760%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -15.39% for Intel Corp. as the target price of 74 € is below the current price of 87.46 €.
