Why Intel Stock Slipped on Monday
Shares of Intel (NASDAQ: INTC) fell as much as 5% on Monday and, as of this writing, were down only about 3.2%. There didn't appear to be any new company-specific announcement driving the move. Rather, the decline appears to be a breather after a sharp September rally.
Image source: Getty Images.
One fresh input was a tempered analyst view for the stock: An analyst from Deutsche Bank reiterated a hold rating while setting a $30 price target (up from his previous target but still lower than where shares trade today). With the target below the current stock price, that stance can temper near-term enthusiasm and invite some profit-taking.
Source Fool.com
Intel Corp. Stock
€87.92
1.590%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -20.38% for Intel Corp. as the target price of 70 € is below the current price of 87.92 €.
