Where Will Intel Stock Be in 1 Year?
's (NASDAQ: INTC) stock rallied nearly 7% on July 28 after the chipmaker posted its second-quarter earnings report. Its revenue declined 15% year over year to $12.9 billion, which still exceeded analysts' expectations by $760 million. Its adjusted earnings per share (EPS) fell 54% to an adjusted $0.13 whereas analysts had forecast a loss of $0.03.
Intel's sales and profits are still shrinking, but some signs of a cyclical turnaround are finally appearing. Let's look at those green shoots and see if they suggest that Intel's stock can head higher over the next 12 months.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 24 Buy predictions and 17 Sell predictions.
Based on the current price of 18.98 € the target price of 38 € shows a potential of 100.23% for Intel Corp. which would more than double the current price.