Intel (NASDAQ: INTC) has doubled in value over the past six months, and Wall Street’s latest INTC stock price targets suggest the rally is far from over.
Among the most recent analyst notes were Barclays’ $45 price target with a reiterated ‘Hold’ rating on January 16 and Jefferies matching forecast on January 15, which argued that Intel’s close ties to the artificial intelligence (AI) sector are going to be a significant tailwind.
Slightly earlier, on January 13, KeyBanc upgraded Intel to ‘Overweight’ from ‘Sector Weight,’ assigning a $60 price target. The revision came a week after Melius Research upgraded the stock to ‘Buy’ with a $50 price target.
KeyBanc analyst John Vinh highlighted that Intel’s 18A manufacturing node has achieved yield rates above 60%, which he argued is sufficient to scale production for the next-generation Panther Lake processors.
“We expect outsized data center demand from hyperscalers this year to be a significant tailwind for Data Center and AI. Our checks indicate INTC is almost sold out for the year in server CPU, and given the strength in demand, the company is considering a 10-15% ASP increase.” Vinh wrote.
In addition, Vinh noted that Intel Foundry Services has secured Apple (NASDAQ: AAPL) as a customer for low-end M-series chips, which are expected to enter production in 2027, again as a growth catalyst.
New Intel stock price target
The $60 figure is currently the Street-high Intel stock price target, and it implies a roughly 28% upside from the current price of $46.8.
While not necessarily matching the target, a number of other analysts have given their two cents on Intel ahead of its Q4 earnings release on January 22. Citi, for example, raised its rating from ‘Sell’ to ‘Hold’ and lifted its price target from $29 to $50 on January 15, citing the company’s potential benefit from tightness in Taiwan Semiconductor Manufacturing Company’s (NYSE: TSM) advanced packaging supply.
Similarly, Jefferies maintained a ‘Hold’ rating but raised the price target from $40 to $45, forecasting a “relatively disappointing” full-year outlook. UBS’s Timothy Arcuri had a similar idea, keeping a ‘Neutral’ rating and raising the target from $40 to $49.
Perhaps more interestingly, Bank of America’s Vivek Arya, after meeting with Intel investor relations at the Consumer Electronics Show( CES), anticipated in-line or better Q4 sales of $13.4 billion and gross margins of 36.5%. Accordingly, Arya reiterated an ‘Underperform’ rating with a $40 INTC share price target.
Nonetheless, while the most recent revisions have been broadly positive, the average INTC stock price target remains somewhat weak for the next 12 months. Namely, according to a total of 31 ratings analyzed on TipRanks over the past three months, the average Intel price forecast this year sits at just $43.30.
The number represents a nearly 8% downside potential from the current price, which puts Intel in stark contrast with some of its competitors in the sector, such as Nvidia (NASDAQ: NVDA), which has also received a number of upgrades in the past couple of weeks.
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