Key Stats for Intel Stock
- Price change for Intel stock in last month: -17%
- $INTC Share Price as of Jun. 11: $107
- 52-Week High: $133
- $INTC Stock Price Target: $92
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What Happened?
Intel (INTC) stock jumped roughly 3% in premarket trading on Thursday after Bank of America made a bold call: a double upgrade, moving the stock all the way from Underperform to Buy in one shot. The firm also lifted its price target from $96 to $135.
Analyst Vivek Arya and his team said they now have higher confidence in Intel’s ability to supply leading-edge wafers and advanced packaging at a time when the entire industry is running short on capacity.
They also pointed to a much larger market opportunity as AI workloads shift toward agentic computing, in which CPUs play a larger role.
The team significantly raised its earnings estimate for Intel.
They now see the company capable of hitting more than $6 in earnings per share by 2030, up from a prior estimate of $3 to $4.
They flagged the Cadence 14A node IP agreement and the Terafab partnership as signs that Intel’s external foundry business is building real momentum.
That lines up with what Intel’s own management said on the Q1 earnings call.
- CEO Lip-Bu Tan said Intel 18A yields are running ahead of internal targets, and that Intel 14A is already tracking better than 18A was at the same point in its development.
- CFO David Zinsner confirmed that demand across the business is still outpacing supply, and said the gap between what Intel can ship and what customers want starts with a “B,” meaning billions of dollars.
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What the Market Is Telling Us About Intel Stock
Intel stock has been a turnaround story in progress, and this upgrade is a sign that a major Wall Street firm is now willing to say the corner has been turned.
A double upgrade from Underperform to Buy is rare. It signals a meaningful shift in conviction, not just a routine revision.
The Q1 numbers back it up.
- Intel posted $13.6 billion in revenue, well above the midpoint of its own guidance.
- Its AI-driven businesses now make up 60% of revenue and grew 40% year over year.
- The data center segment grew 22% year over year.
- Intel stock had been under pressure for years, and the BofA call is a direct bet that the worst is behind it.
The key risks haven’t disappeared. Intel is still ramping 18A, still burning capital, and still competing against AMD on server CPUs and a growing field of Arm-based chips.
Execution in both its product business and its foundry will determine whether this upgrade ages well.
But for now, Intel stock is getting a clear vote of confidence from one of the Street’s most-watched semiconductor analysts.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
