Intel (Nasdaq: Intech) delivered one of the strongest Profits Intel’s stock price is outperforming in years on July 24, prompting some analysts to revise their Intel stock price targets.
For example, Seaport Global Securities raised its 2026 outlook for Intel stock from $90 to $125 while repeating a “buy” rating, citing strong quarterly results and improving outlook.
Specifically, the brokerage highlighted that Intel’s return to gross margins was above 40% for the first time in two years, which is seen as a key sign that the company’s turnaround is gaining momentum.
Seaport also pointed to management’s decision to increase capital spending forecasts for 2026 and potentially 2027, arguing that the chipmaker would not commit without securing meaningful demand from customers. Intel’s confirmation that its 14A manufacturing process is still on track seems to support this.
DA Davidson raises INTC stock price target to $100
DA Davidson also raised his price target on Intel, raising it from $77 to $100 while maintaining a “neutral” rating. Analysts noted that the latest quarterly results exceeded Wall Street expectations for revenue and profits, demonstrating the growing importance of the company’s CPU business.
“We maintain our Neutral rating and raise our price target to $100 from $77 on INTC following strong 2Q26 earnings highlighted by a significant beat to top and bottom line expectations.” DA Davidson wrote.
Furthermore, DA Davidson pointed to increased capital spending plans as evidence that leadership continues to attract new customers as demand for domestic semiconductor manufacturing accelerates in the US.
Cantor Fitzgerald cuts his price target for Intel stock price
Conversely, Cantor Fitzgerald lowered its forecast for Intel’s stock price from $150 to $125, albeit while repeating a “neutral” rating and stating that the long-term outlook remains promising.
On a more cautious note, Cantor pointed to uncertainty surrounding Intel’s customer compute business, server CPU market share losses, and a lack of new customer announcements. In addition, the brokerage also noted ongoing speculation that Intel may seek a stock raise.
However, the company remains positive about Intel, especially thanks to its relationships with Intel Taiwan Semiconductor Manufacturing Co., Ltd (New York Stock Exchange: TSM), which could boost both the company and the US semiconductor industry.
Overall, Cantor concluded, investors are unlikely to be more optimistic until Intel shows greater revenue potential in its front-end and back-end manufacturing operations.
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