Intel Corporation is an American Multinational company which provides processors, motherboard chipsets, integrated circuits, graphic chips and various other devices of communication and computing for manufacturers of computers such as Lenovo, Dell, Apple and others. Check the INTC Forecast to understand stock performance.
The current price (31st May 2019) of INTC is $44.730 and the prices have been in downtrends since last one year. Because of the declining tendency, it seems that the stocks in a similar market weren’t very popular for the said time period.
However, Wallet Investor suggests that the INTC stock is good for long term investment. Based on its forecast, the INTC stock price is expected to increase to 84.299 USD by 2024. And, the growth in revenue would surge to +88.46%.
INTC Forecast – Buy or Sell?
The analysts have a different perspective about the INTC stock. Some feel that the stock is providing a ‘SELL’ signal and others have an altogether different opinion. However, we must base our decision on the signal that has a majority of supporters.
According to CNN Business, 29 analysts have come to a consensus and have offered 12-month price forecasts. They have estimated a median target of $54.00. This includes a high estimate of $65.00 and a low estimate of $38.00. It reflects a surge of +20.72% in the last price of $44.73.
Also, the poll done among 37 investment analysts suggested to hold stock in Intel Corp. Among 37 analysts, 11 voted for the ‘buy’ option. 2 believe that the stock outperformed. 16 of the analysts agree to ‘hold’ the stock and 7 analysts think that the stock is good to ‘sell’. Only one felt that the stock under-performed.
The Conclusion – INTC Stock Prediction
The stock in a similar technology may not seem very popular in the given period, however, the trends are expected to get better with a positive trend in the future. So, a hold option is what we suggest based on the INTC Forecast.