Where Will Intel Stock Be in 1 Year?
's (NASDAQ: INTC) stock rallied nearly 7% on July 28 after the chipmaker posted its second-quarter earnings report. Its revenue declined 15% year over year to $12.9 billion, which still exceeded analysts' expectations by $760 million. Its adjusted earnings per share (EPS) fell 54% to an adjusted $0.13 whereas analysts had forecast a loss of $0.03.
Intel's sales and profits are still shrinking, but some signs of a cyclical turnaround are finally appearing. Let's look at those green shoots and see if they suggest that Intel's stock can head higher over the next 12 months.
Image source: Getty Images.
Source Fool.com
Intel Corp. Aktie
18,94 €
0,55 %
Die Intel Corp. Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 38 € für Intel Corp. signalisiert eine deutliche Steigerung im Vergleich zum aktuellen Kurs von 18.94 €.
