Analyst Predicts Intel Stock Price Could Increase by 14% in Near Term
Wednesday, 3 April 2024, 13:14
Intel Stock Price Forecast: Analyst Predicts 14% Upside Potential
Are the stars aligning for Intel stock to go on a powerful bull run? Intel's (NASDAQ: INTC) stock price has been seeing some big swings over the last year as investors weighed the benefit of emerging opportunities against various geopolitical pressures and other risk factors.
UBS Analysts Outlook
- UBS raised Intel's price target from $46 to $50 per share.
- Potential upside of nearly 14% over the next 12 months.
Promising Opportunities
- Intel's venture into chip fabrication and growth in business from other companies.
- Concerns persist about Intel's AI competitiveness but optimism in fabrication services.
While assessing Intel's current standing in the AI market is complex, investing in Intel at its current price point is deemed advantageous for long-term investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.