Predicting Intel's Value by 2030 Could Make It Worth a Look Right Now
Intel stock has dipped lately, but it could bounce back given its strong growth prospects.
Overview
Intel (NASDAQ: INTC) has run into rough weather lately, with shares down 19% since the beginning of July. The stock took another blow recently after investment bank Piper Sandler rated it "neutral."
Analyst David O'Connor believes that the incredible rally in Intel stock over the past year could limit more upside, which explains the $110 price target. That suggests an increase of just 7% from current levels. However, we are going to take a closer look at Intel's prospects through the end of the decade and assess whether this semiconductor giant can deliver greater gains over the long run.
Image source: Intel.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.