Will Intel (INTC) Stock Drop to $50?
's (NASDAQ: INTC) stock has surged nearly 260% over the past 12 months, and it's hovering near its all-time highs. However, the chipmaker's stock already trades nearly 40% above Wall Street's median price target of $50 -- so is it due for a steep pullback?
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A year ago, Intel's stock was trading at its lowest levels in over a decade. It had fallen behind TSMC (NYSE: TSM) in the "process race" to manufacture smaller, denser chips; it lost a massive slice of the x86 CPU market to (NASDAQ: AMD); and it seemingly missed the secular shifts toward mobile devices and AI-driven data centers. As it grappled with those issues, it experienced jarring strategic shifts under four different CEOs in just seven years. It also suspended its dividend in 2024.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 87.92 € for Intel Corp., so the potential is actually -20.38%.
