Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Intel could rise 30 percent over next two years: Barron's

Send a link to a friend  Share

[November 24, 2014]  (Reuters) - Shares in microprocessor maker Intel Corp.could rise more than 30 percent to $48 over the next two years, Barron's reported in its Nov. 24 edition.

With shares recently at over $35, the stock is halfway to the five-year doubling Barron's said it predicted in June of 2013, but now is not the time, the weekly magazine advised.

Barron's said that in two years' time, the 30 percent rise would put shares trading at around 16 times future earnings estimates, the same price to 2014 earnings ratio that it now trades at.

(Reporting by Caroline Humer; Editing by Marguerita Choy)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Top Stories index

Back to top