Baird Raises Intel Price Target to $40
- Rating
- Neutral
- Target
- $40
- from $20 (+100%)
- Outcome
- Reached
- on October 28, 2025
What the analyst said
Baird analyst Tristan Gerra raised the price target on Intel (NASDAQ: INTC) to $40 (from $20) while maintaining a Neutral rating.
“While still early, performance and yields on Intel’s 14A process are promising, and management’s confidence on its customer engagement with 14A has increased.
The push for U.S.-based production of critical semiconductor components remains a favorable high-level tailwind for Intel.
14A represents the largest potential breakthrough for Intel for 2026, while gross margin will remain subdued as cost structure improvement remains a multi-year process and data center CPU competitiveness is also work in progress.
Neutral-rated.”
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Where the price stands
INTC trades at $92.07. The 12 analysts who set a target in the last 3 months range from $85 to $165, with a median of $111. This $40 target is 64% below the median, the lowest on the Street.
Since the note INTC has moved +141% (from $38.16). The 12-month window closed on October 24, 2026.
Track record
This call✓ Target reached on October 28, 2025, 4 days after the note.
Firm track recordBaird: 95% of its 21 targets at least a year old were reached within 12 months (#1 of 21 firms); on Intel, 3 of 3. Accuracy ranking →
Baird on Intel
Baird price targets on Intel
7 calls from January 30, 2025 to July 24, 2026. The target went from $20 to $125 (+525%). The rating stayed Hold.
- July 24, 2026Target raised from $75 (+67%)Hold$125
- April 24, 2026Target raised from $50 (+50%)Hold$75
- January 23, 2026Target raised from $40 (+25%)Hold$50
- October 24, 2025 This noteTarget raised from $20 (+100%)Hold$40
- April 14, 2025Kept the $20 targetHold$20
- February 12, 2025Kept the $20 targetHold$20
- January 30, 2025Earliest call shownHold$20
