RBC Capital Raises Intel Price Target to $80
RBC Capital analyst Srini Pajjuri raised the price target on Intel (NASDAQ: INTC) to $80.00 (from $48.00) while maintaining a Sector Perform rating.
“Intel’s results and outlook were well ahead, driven by strong Server demand, improving yields, and healthy pricing.
Server CPU demand continues to outpace supply on the back of AgenticAI while PC is holding up for now.
Foundry progress also appears on track with management expecting external commitments (14A/18AP) in 2H26, although meaningful revenue could take time.
Looking ahead, we expect Server momentum to continue into 2027 on AgenticAI demand despite intense competition.
On the other hand, PC faces growing risk from Memory shortages (and possibly some pull-forwards). At >50x CY27EPS, we see balanced risk/reward and maintain Sector Perform.”
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