Sorry, Intel Doesn't Deserve the Benefit of the Doubt
Intel (NASDAQ: INTC) shares popped by 9.5% on Friday after Bloomberg reported that the chipmaker was considering strategic options after the stock's collapse on a second-quarter earnings report that fell short of expectations.
Its shares plunged by 26% on Aug. 2 after the company posted disappointing results, gave an underwhelming forecast, eliminated its dividend, and announced a restructuring that included plans to cut 15% of its workforce.
The news and the market's response prompted a round of introspection at the chipmaker that has led, not surprisingly, to the company seeking help from investment bankers.
Source Fool.com
Intel Corp. Stock
€17.64
-3.230%
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 15 Sell predictions.
Based on the current price of 17.64 € the target price of 38 € shows a potential of 115.37% for Intel Corp. which would more than double the current price.
