KeyBanc Raises Intel Price Target to $65

KeyBanc analyst John Vinh raised the price target on Intel (NASDAQ: INTC) to $65.00 (from $60.00) while maintaining a Overweight rating.

“INTC posted strong 4Q25 results and guided 1Q26 below.

Upside was driven by strong server CPU demand, as DCAI grew +15% q/q, while 1Q rev/GM were guided lower due to peak constraints, as lower revs and the initial 18A ramp are dilutive to GMs.

However, capacity is expected to increase with above seasonal growth expected the rest of the year.

INTC did not confirm AAPL as an IFS win but indicated customers are expected to make foundry decisions on 14A in 2H26.

Despite mixed results, we remain OW and increase our PT to $65 given expectations regarding AAPL as an 18A customer & potential 14A win.”

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