How Intel Managed to Rise on a Brutal Day for the Markets
Shares of (NASDAQ: INTC) were defying the broader market sell-off today, rising as much as 3% in early-morning trading before settling into a 1.1% gain as of 1:50 p.m. ET. At that time, the Nasdaq Composite was down nearly 2%.
Intel shareholders can thank a positive note from a Wall Street analyst, as well as other positive commentary out of a semiconductor-focused Asian news publication, for today's relative outperformance. Combined with a stock that had already trailed behind the rest of the semiconductor industry for years, and Intel was able to overcome today's market turmoil.
On Tuesday, Keybanc Capital Markets analyst John Vinh issued mildly positive commentary on Intel's stock. I say mildly, as it was more an affirmation that the turmoil Intel has experienced hasn't gotten worse, and that its previously announced turnaround plans remained on track.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 16 Sell predictions.
Based on the current price of 18.05 € the target price of 38 € shows a potential of 110.55% for Intel Corp. which would more than double the current price.
