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Intel Stock Gets New Street-High Target — Analyst Sees Major Foundry Breakthrough
Intel (NASDAQ:INTC) shares have surged about 150% since August, and a senior analyst at KeyBanc Capital Markets says the rally may have further room to run into 2026.
KeyBanc analyst John Vinh upgraded Intel to Overweight and set a new street high target of $60, implying roughly 28% upside from recent levels. He said the market may not yet fully reflect progress in Intel's contract manufacturing, or foundry, business.
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A key driver is customer momentum. Vinh said Intel has brought Apple (AAPL) on board as a customer for its advanced 18A manufacturing node, which is expected to be used in lower-end Macs and iPads. He described the deal as Intel's first major design win at that node, with potential for broader use over time.
Intel in focus as HSBC, Seaport upgrade ahead of earnings (INTC:NASDAQ)
Intel (INTC) was in focus on Tuesday as investment firms HSBC and Seaport Research upgraded the semiconductor giant ahead of its fourth-quarter results release, set for Jan. 22.
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