Intel Hits New 52-Week Lows, But Analysts See Potential For 36% Upside
Portfolio Pulse from Surbhi Jain
Intel Corp (NASDAQ:INTC) has hit a new 52-week low, closing at $18.99. The stock has dropped 46% over the past year and 62% year-to-date. Despite dismal Q2 earnings, a suspended dividend, and job cuts, analysts see a potential 36% upside. Intel's aggressive cost-reduction strategy aims to save over $10 billion by 2025.
August 08, 2024 | 2:31 pm
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Intel's stock has hit a new 52-week low at $18.99, experiencing a 46% drop over the past year. Despite poor Q2 earnings and a suspended dividend, analysts see a potential 36% upside. Intel's cost-reduction strategy aims to save over $10 billion by 2025.
Intel's stock has been significantly impacted by poor earnings, a suspended dividend, and job cuts. However, analysts see a potential 36% upside, driven by an aggressive cost-reduction strategy and strategic focus on high-growth sectors.
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