Why Intel Stock Sank Again Today
(NASDAQ: INTC) stock fell again in Friday's trading. The company's share price closed out the daily session down 3.8%, according to data from S&P Global Market Intelligence.
The stock has been getting crushed lately, and its valuation took another hit today after the semiconductor specialist announced that it would be delaying its Intel Innovation conference. The company's share price is now down 42% over the last month and 61% year to date.
Reports began circulating Friday that next month's planned Intel Innovation conference would be canceled, and the company later confirmed that it would be postponing the event until 2025. In the meantime, Intel has said that it will shift its presentation efforts to other smaller and more targeted events.
Source Fool.com
Intel Corp. Stock
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.
