Rosenblatt Raises Intel Price Target to $30

Rosenblatt analyst Hans Mosesmann raised the price target on Intel (NASDAQ: INTC) to $30.00 (from $25.00) while maintaining a Sell rating.

“Given the INTC shares dramatic ~50% YTD increase, investors may have been anticipating positive announcements during this earnings report, such as the company landing an external foundry customer.

However, management set expectations for possible foundry customer announcements during 2H26 with production slated for CY28.

Meanwhile, the company used inventory plus capacity to help meet surging demand during the quarter.

This led to a solid beat on 4Q25 estimates but left the company with no dry powder to meet 1Q26 demand.

The new 18A process is in production but needs time to increase production and not be a drag on corporate gross margin. Management has been clear that turning Intel around is a multi-year endeavor.

While we see some progress in process technology and products with the shares trading at ~45x our CY27E Non-GAAP EPS estimate, we are maintaining our Sell recommendation.

We are lifting our price target to $30 from $25 based on an increased valuation metric of 25x our CY27E Non-GAAP EPS.”

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