Wall Street analysts have updated their Intel (NASDAQ: INTC) stock price targets ahead of the company’s second-quarter 2026 earnings report scheduled for July 23.
While the consensus rating on Intel remains a ‘Hold’, several firms have raised their price targets as improving server demand, artificial intelligence-related growth, and manufacturing progress strengthen confidence in the chipmaker’s recovery.
According to TipRanks data, 36 analysts currently covering Intel have assigned 10 ‘Buy’ ratings, 24 ‘Hold’ ratings, and 2 ‘Sell’ ratings. The average 12-month Intel stock price target stands at $113.72, implying roughly 17% upside from the recent closing price of $97.06.
Notably, consensus estimates call for adjusted earnings per share of $0.21 and revenue of approximately $14.4 billion. The results are expected to provide fresh insight into demand trends across Intel’s server, PC, and foundry businesses.
Intel enters earnings season with improving momentum in its data center business, driven by stronger server processor demand amid rising AI infrastructure spending.
Investors are also closely watching progress in its foundry and manufacturing operations, which remain central to the company’s turnaround strategy.
Analysts raise INTC stock price target
Among the more bullish updates, KeyBanc increased its Intel stock price target to $155 from $110 while maintaining an ‘Overweight’ rating. The firm cited strong server CPU demand linked to agentic AI trends, improving manufacturing yields, expanding foundry capacity, and growing customer adoption of Intel’s packaging and chipmaking technologies.
Susquehanna analyst Christopher Rolland raised his target from $80 to $115. He expects a strong quarter driven by server processor demand and sees continued momentum in Intel’s foundry business. However, he remains cautious about the second half of 2026, warning that higher memory prices could weaken PC demand.
Citi analyst Atif Malik reiterated a ‘Buy’ rating and a $130 price target. Citi expects Intel’s CPU business to benefit from increasing AI-related demand over the coming years and forecasts the company will maintain a significant share of the processor market through the end of the decade.
KeyBanc analyst John Vinh also lifted his target to $155 from $100. His outlook is supported by improving yields on Intel’s 18A manufacturing process, which he believes could help the company expand production capacity, attract additional customers, and keep its next-generation 14A roadmap on schedule.
Meanwhile, HSBC delivered one of the most aggressive revisions, raising its Intel stock forecast from $100 to $200. The firm pointed to Intel’s track record of exceeding revenue expectations and sees the recent share price weakness as an attractive entry point ahead of earnings.
Not all analysts are convinced about the stock. In this line, Rosenblatt’s Kevin Cassidy raised his target to $65 from $50 but maintained a ‘Sell’ rating on the semiconductor giant. While he expects healthy CPU demand and revenue growth, he believes manufacturing execution risks could limit further upside.
