Buy, Sell or Hold Intel At $110

Intel’s $101.40 price target is below the current share price, and the stock has already risen sharply after a strong run. The outlook is tempered because much of the rerating may be reflected in the market. Intel’s recent results included a large non-GAAP EPS beat and revenue above expectations, with Data Center and AI revenue growing and Intel Foundry improving. The company expects AI to increase demand for Intel CPUs and wafer and advanced packaging. Potential upside depends on faster scaling of an Apple-Intel manufacturing partnership and Intel Foundry profitability, supported by major customer wins and projects.

"Before diving in, I should note that our 24/7 Wall St. price target of $101.40 sits below where Intel trades today. INTC is one of the most divisive names in semis, and real upside could come from the Apple-Intel manufacturing partnership scaling faster than expected, or Intel Foundry turning profitable on the back of NVIDIA's DGX Rubin NVL8 wins. Treat our target as one datapoint among many."

"Intel is up 193.14% year to date and 57.91% in the past month alone, though shares pulled back 16.43% over the last week from the $132.75 52-week high. The rally has been fueled by a sixth straight revenue beat and a string of marquee customer wins. Q1 FY2026 delivered non-GAAP EPS of $0.29 against a $0.01 consensus on revenue of $13.58 billion, beating expectations meaningfully."

"Data Center and AI revenue surged 22% YoY to $5.05 billion, and Intel Foundry climbed 16%. CEO Lip-Bu Tan framed the setup bluntly: "The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel's CPUs and wafer and advanced packaging offerings.""

"Bulls have a credible path. Intel's foundry is winning anchor customers fast: Google for custom ASIC IPUs, NVIDIA selecting Xeon 6 for DGX Rubin NVL8, and Intel joining the Terafab project alongside SpaceX, xAI, and Tesla. A reported Apple-Intel manufacturing deal drove Reddit sentiment to 75. If Intel 18A yields hold and Foundry approaches breakeven, our bull-case scenario tags $114.79 within a year, with pea"

Read at 24/7 Wall St.