What the analyst said
KeyBanc analyst John Vinh reiterated a Sector Weight rating on Intel (NASDAQ: INTC).
“Semiconductors: Asia Takeaways – Our findings for INTC are mixed.
Positives include: 1) Intel 18A is on track to ramp Panther Lake in 2H25 with KPIs including yields and defect densities trending in the right direction and are at acceptable levels; and 2) we believe INTC has won the GPU gaming socket for the Nintendo Switch 3 on 18A.
Conversely, negatives include aggressive price cuts in Lunar Lake CPUs in the range of 20-40%.
While this is resulting in market share gains, it likely limits the trajectory for GM recovery this year.
We are raising our estimates to reflect stronger than expected server demand trends and market share gains in CCAI offset by lower GMs.”
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Track record
Firm track recordKeyBanc: 88% of its 16 targets at least a year old were reached within 12 months (#8 of 21 firms); on Intel, 2 of 2. Accuracy ranking →
KeyBanc on Intel
KeyBanc price targets on Intel
8 calls from April 1, 2025 to April 24, 2026. The target went from $23 to $110 (+378%). The rating moved from Hold to Buy.
- April 24, 2026Target raised from $70 (+57%)Buy$110
- April 6, 2026Target raised from $65 (+8%)Buy$70
- January 23, 2026Target raised from $60 (+8%)Buy$65
- January 13, 2026Upgraded to Buy, target raised from $35 (+71%)Buy$60
- October 20, 2025Target raised from $23 (+52%)Hold$35
- September 17, 2025Rating only, no price targetHoldNo target
- April 8, 2025 This noteRating only, no price targetHoldNo target
- April 1, 2025Earliest call shownHold$23
