Although American multinational computer hardware manufacturer Intel (NASDAQ: INTC) has had a successful year, during which it has witnessed a continuous appreciation of its stock price, experts remain largely unconvinced regarding its potential for the next 12 months.
As it happens, the remarkable success of the semiconductor sector, propelled by soaring demand for high-performance chips due to the proliferation of artificial intelligence (AI), paired with the company’s CEO Pat Gelsinger’s optimism, has allowed the Intel stock to continue climbing toward yearly highs.
Wall Street weighs in on Intel stock
However, a group of 27 Wall Street analysts is largely on the fence on the price of the Intel stock for the next 12 months, with 18 votes recommending a ‘hold,’ as opposed to five of them ranking it as a ‘buy’ and four advising a ‘sell,’ according to the most recent TipRanks data on December 14.
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At the same time, they have offered 12-month price targets over the last three months, setting an average of $37.79, which would indicate a 13.74% decline from its current price, with the lowest target standing at $17.00 (-61.21%) and the highest amounting to $56.00 (+27.8%).
Intel stock price analysis
At the moment, Intel’s price stands at $44.57, which represents an increase of 1.2% in the last 24 hours but and a more significant gain of 15.2% on its monthly chart, as per the latest information retrieved by Finbold on December 14.
Overall, the asset’s technical analysis (TA) is exceptionally positive, indicating bullish trends both in the short term and the long term, as it performs better than 94% of all assets in the stock market, on top of outperforming 85% of stocks in the semiconductor industry.
On top of that, other positive signs include the fact that INTC is trading near its 52-week high, in line with the S&P 500 trends, and near the high of its last month’s (wide) range between $38.07 and $45.34, in addition to recording a healthy average volume of 37.7 million shares traded daily.
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