You are here

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

intreu12.jpg
Shares in microprocessor maker Intel Corp could rise more than 30 per cent to US$48 over the next two years, Barron's reported in its Nov. 24 edition.

[SAN FRANCISCO] Shares in microprocessor maker Intel Corp could rise more than 30 per cent to US$48 over the next two years, Barron's reported in its Nov. 24 edition.

With shares recently at over US$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 per cent rise would put shares trading at around 16 times future earnings estimates, the same price to 2014 earnings ratio that it now trades at.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom