Is It Too Late to Buy Intel Stock?
's (NASDAQ: INTC) stock jumped 9% on Oct. 27 after it posted its third-quarter earnings report. The chipmaker's revenue fell 8% year over year to $14.2 billion but exceeded analysts' expectations by $560 million. Its adjusted earnings grew 11% to $0.41 per share and also cleared the consensus forecast by $0.19 per share.
Intel's revenue is still declining year over year, but its stock has already risen about 34% in 2023 in anticipation of the PC market's cyclical turnaround. Does this chip giant still have room to run, or it too late to hop aboard the bullish bandwagon?
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Source Fool.com
Intel Corp. Stock
€17.53
-3.760%
Our community is currently high on Intel Corp. with 28 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is potential for a 116.82% increase which would mean more than doubling the current price of 17.53 € for Intel Corp..
