KeyBanc Raises Intel Price Target to $110
KeyBanc analyst John Vinh raised the price target on Intel (NASDAQ: INTC) to $110.00 (from $70.00) while maintaining an Overweight rating.
“Strong Results as Agentic AI Drives DCAI Growth of 22%; INTC posted strong 1Q26 results and guided 2Q26 solidly above.
Upside in the quarter was driven by strong server CPU demand driven by agentic AI with DCAI growing 22% y/y, while price increases and improving 18A yields resulted in almost a 500 bp improvement in GM to 41%.
On foundry, 18A yields continue to improve with firm commitments on 14A expected in 2H26.
On adv packaging (EMIB-T), backlog increased with a multi-year build out of back end facilities to supported committed demand in 2027.
We’re encouraged by these results and as such, are increasing ests and our PT to $110. Reiterate OW.”
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