Down 60% This Year, Is Intel Stock a Bargain Buy?
(NASDAQ: INTC) was already having a rough year before it reported earnings last week. When those numbers came out, the stock's free fall went even deeper. Now, shares of the tech company are down more than 60% since the start of the year.
The stock hasn't traded at such low levels in more than a decade, and it's coming off its worst day on the market in 50 years. While there's plenty of risk with the stock, has it become too cheap to pass up at its current price?
Intel has been investing in building its foundry business in order to meet a big need in the U.S. for the country to have a large domestic chipmaker it can count on, as opposed to having to rely on foreign sources. But it hasn't exactly been a smooth ride for the company and its shareholders.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 16 Sell predictions.
Based on the current price of 18.16 € the target price of 38 € shows a potential of 109.25% for Intel Corp. which would more than double the current price.
