Where Will Intel Stock Be in 5 Years?
Intel (NASDAQ: INTC) stock has lost nearly half of its value in 2022 amid the broader market sell-off and the headwinds arising out of a slowdown in the personal computer (PC) space. It also lost market share to Advanced Micro Devices (NASDAQ: AMD). A closer look indicates that the chip giant is a perennial underperformer on the market.
Shares of Chipzilla are down 33% in the past five years. The Nasdaq-100 Technology Sector index gained 47% over the same time. Can Chipzilla turn its fortunes around in the next five years and become a stock market winner? Let's find out.
At its investor meeting in February 2022, Intel management pointed out that the company expects to achieve revenue growth in the mid- to high-single digits in 2023 and between 10% and 12% in 2026. However, achieving that seems like a tall order right now.
Source Fool.com
