1. Intel Corp (INTC) shares surged over 7% after being upgraded by KeyBanc Capital Markets to “Overweight” with a price target of $60. The chipmaker is making significant progress in manufacturing and AI-driven chip sales, breaking out of a slump against rivals like AMD and ARM.
2. Intel is experiencing a critical transition period with revenue of $13.7 billion in Q3 of 2025 and gross margins of 40%. The company is supply-constrained in both its PC and server businesses, prioritizing server shipments over entry-level PC products. Server demand is unexpectedly strong due to various factors, including the shift towards agentic AI and inference workloads.
3. Intel’s 18A manufacturing node represents a pivotal milestone in the turnaround strategy, with yields improving and operational high-volume production expected by late 2026. The company continues to strengthen its balance sheet through partnerships, but faces pressure on gross margins from various factors.
4. Analysts project Intel to increase adjusted earnings significantly by 2029, potentially leading to a 50% increase in stock price over the next three years. However, the average price target for INTC stock is $37.24, below the current price of $49.

Read more at Barchart: Intel Stock Just Got a New Street-High Price Target. Should You Buy INTC Here?