Intel Stock Could Surge Higher in 2024 for These 3 Reasons
As 2024 approaches, investors seem to have a sense of optimism. Although it may be premature to label it a bull market, many beaten-down stocks appear to be on the rise.
One of these comeback stocks may be Intel (NASDAQ: INTC). After losing its technical lead in the last decade, it seems to have adopted a competitive mindset under CEO Pat Gelsinger.
Amid that strategic shift, the stock has risen from multiyear lows, and three factors could ensure that the semiconductor stock's recovery continues in 2024.
Source Fool.com
Intel Corp. Stock
€18.05
-4.030%
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.
