Business Technology

Friday 13 December 2019

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

Shannon base - a key Intel base for developing new technology.
Shannon base - a key Intel base for developing new technology.

Shares in microprocessor maker Intel Corp could rise more than 30pc to $48 over the next two years, Barron's has reported.

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 30pc rise would put shares trading at around 16 times future earnings estimates, the same price to 2014 earnings ratio that it now trades at.

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