Bernstein SocGen Raises Intel Price Target to $60
Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Intel (NASDAQ: INTC) to $60.00 (from $36.00) while maintaining a Market Perform rating.
“We once again up our server assumptions (Xeon now +36% YoY in 2026 w/ strong DD ASP increase) and raise GM estimates, and lower NCI given the Ireland fab repurchase, but also drop our PC assumptions.
Overall we are below consensus on client and above on DC with higher GMs; our revenue forecasts are below consensus on those weaker PCs but we model EPS above.
We now model Q126 at $12.3B/$0.02, up from $12.2B/$0.00 prior vs consensus $12.3B/$0.00. For Q226 we now model $12.7B/$0.15 vs $12.7B/$0.06 prior (higher GM) vs consensus $13.1B/$0.09.
For full-year 2026 we now model $53.3B/$0.82 vs consensus $54.2B/$0.55; for next year (2027) we now model $57.5B/$1.33, up from $56.6B/$0.73 prior vs consensus $58.4B/$1.04.”
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