Why Intel Stock Popped on Thursday
On a down day for the stock market, one semiconductor stock is breaking from the herd and running higher. As of 10:50 a.m. ET, (NASDAQ: INTC) shares are gaining 3.2%.
You can thank the friendly analysts at investment bank Mizuho Co. for that. Last night, after the close of trading, Mizuho upgraded Intel stock to buy.
With more than $1.6 billion in net losses racked up over the past 12 months, Intel stock may not look like much right now. You may even wonder what other investors are thinking when they value Intel stock at more than $171 billion, even as the stock continues losing money and burning cash.
Source Fool.com
Intel Corp. Stock
€86.62
-0.640%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -16.88% for Intel Corp. as the target price of 72 € is below the current price of 86.62 €.
