One of the top semiconductor stocks of 2026, Intel (NASDAQ: INTC), has received multiple new and almost universally moderately bearish 12-month price target updates since June 1.
The most recent of these came from DBS’ Amanda Tan, who, on June 10, upped the $74 forecast assigned earlier in June to $115 for a modest 10.09% rise from the chipmaker’s press-time price of $104.46. She, however, maintained her previous ‘Hold’ recommendation for Intel.
Bernstein’s Stacy Rasgon, responsible for the second-most recent revision with a June 8 note, issued a ‘Hold’ rating for INTC shares but set his sights at $65 for the equity for a 37.78% drop by early 2027.
Barclays’ Thomas O’Malley was comparably pessimistic about the semiconductor stocks, despite raising his 12-month price target as he altered the estimate from $65 to $100, while reiterating Intel is a ‘Hold.’
Aaron Rakers of Wells Fargo (NYSE: WFC) offered the second most-optimistic rerating, as his increased $110 price target – previously it stood at $85 – represents a 5.3% upside relative to press time.
Lastly, Northland Securities analyst Gus Richard refrained from setting an INTC stock price forecast, but, much like his peers, estimated that the semiconductor equity is a ‘Hold.’
Intel receives vote of confidence from Google and Meta as Wall Street voices skepticism
Elsewhere, while Wall Street analysts remain skeptical regarding Intel’s ability to sustain its rally long-term, the company itself received a substantial business boon earlier in 2026.
Specifically, INTC shares soared more than 11% from $99.17 at Friday, June 5 close to $110.27 at the Monday, June 8 closing bell, as reports indicating the American semiconductor giant has been chosen as a backup foundry for Google (NASDAQ: GOOGL) and Meta (NASDAQ: META) started making the rounds.
While the equity erased much of the gain by press time on June 10, the development remains a crucial long-term tailwind for Intel, especially as it signals continued and varied demand for artificial intelligence (AI)-related hardware, and arguably represents part of the strategic reduction of dependence on Taiwanese manufacturing.
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