Evercore Intel · INTC

Evercore ISI Raises Intel Price Target to $45

Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
In Line
Target
$45
from $41.10 (+9%)
Outcome
Reached
on January 26, 2026
Evercore and Intel logos

What the analyst said

Evercore ISI analyst Mark Lipacis raised the price target on Intel (NASDAQ: INTC) to $45.00 (from $41.10) while maintaining an In Line rating.

“Encouraging Developments, But A Lot of Wood to Chop – Reiterate In Line. INTC is trading 11% lower AH following a Beat/Miss with 1Q guided slightly below seasonal amid internal supply-constraints.

INTC made progress: 1) 0.5 PDK for 14A expected by 1Q26, 2) 1.0 PDK for 18A achieved in 4Q25, 3) Custom ASIC revs +50% YY in 2025 and now $1bn+ run-rate, 4) DCAI revs +15% a 10yr+ record despite being supply-constrained, 5) 18A yields ahead of internal plans increasing 7%-8% per month, 6) EMIB-T and other Adv Packaging revs now seen in $1bn+ vs prior $100m+ rev size, 7) recent centralization of DCAI organization tightening coordination across CPU, GPU, platform and 8) $3.1bn in adj FCF generation in 2HCY2025 vs $4.7bn loss in 1H.

However, there still remains plenty of wood to chop in INTC’s multi-year transition.

We view the risk/reward ratio as balanced, with improving execution and geopolitical tailwinds offset by high valuation and multiyear effort to win foundry customers and close the transistor gap at 14A.

AH trading levels are slightly above our Bull-Case SoTP valuation of $45 (our new PT). Reiterate In Line.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

INTC trades at $59.97. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $45 target is 50% below the median, the lowest on the Street.

Since the note INTC has moved +10% (from $54.32). 12-month window: day 283 of 365, closes on January 23, 2027.

Track record

This call✓ Target reached on January 26, 2026, 3 days after the note.

Firm track recordEvercore: 88% of its 16 targets at least a year old were reached within 12 months (#3 of 26 firms). Accuracy ranking →

Earnings reactionOne of 18 notes after Intel’s Jan 22 results: 12 raised · 2 cut · 3 kept. See every call →

Evercore on Intel

Evercore price targets on Intel

4 calls from January 23, 2026 to October 30, 2026. The target went from $45 to $133 (+196%). The rating moved from Hold to Buy.

Evercore targetINTC share price
  1. October 30, 2026Target raised from $111 (+20%)Buy$133
  2. April 24, 2026Kept the $111 targetBuy$111
  3. April 24, 2026Upgraded to Buy, target raised from $45 (+147%)Buy$111
  4. January 23, 2026 This noteEarliest call shownHold$45
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Other analysts on Intel

BarclaysHold Cut price target −25%, kept rating Nov 2 $75from $100 Freedom BrokerHold Downgraded, cut price target −10% Oct 30 $90from $100 TD CowenHold Cut price target −21%, kept rating Oct 30 $75from $95 JP MorganHold Cut price target −6%, kept rating Oct 30 $80from $85 RBC CapitalHold Cut price target −25%, kept rating Oct 30 $75from $100
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.