Intel Just Experienced a Massive Pullback. Should You Buy?
Intel Corporation (NASDAQ: INTC) stock lost 12% following the release of its fourth-quarter and full-year 2023 earnings report. Although the 10% revenue growth in Q4 appeared promising, the revenue outlook for Q1 did not meet investor expectations.
Still, the semiconductor stock has risen by more than 45% over the last year even when accounting for the post-earnings decline. This conflict may leave investors wondering whether Intel's stock-price growth had gone too far or if the drop represents a hiccup in an otherwise robust recovery.
Admittedly, Intel investors have seen little reason for optimism over the last few years. Industry changes and a lead in artificial intelligence (AI) led to Nvidia becoming the leading semiconductor stock. Also, Intel losing its technical lead in the CPU space led to market-share gains for AMD and a need to turn to Taiwan Semiconductor (TSMC) to produce its most advanced chips.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 31.49% compared to the current price of 28.9 € for Intel Corp..
