Evercore Intel · INTC

Evercore ISI Upgrades Intel to Outperform

Analyst: Mark Lipacis 1 min read Reproduced verbatim
Rating
Outperform
from In Line
Target
$111
from $45 (+147%)
Outcome
Reached
on May 6, 2026
Evercore and Intel logos

What the analyst said

Evercore ISI analyst Mark Lipacis upgraded Intel (NASDAQ: INTC) from In Line to Outperform with a price target of $111.00 (from $45.00).

“CPU Renaissance Play. It has been easy to not like INTC.

It lost transistor leadership to TSMC a decade ago, it has been losing share to both AMD in x86 and ARM-based solutions made by its own customers, the company mis-executed on both product and manufacturing, taken on debt, and GPUs appeared to replace CPUs as the processing engine of choice.

But three things have changed: 1) CPU Renaissance: The fastest growing AI workloads need a lot more CPUs, and might even flip the CPU:GPU ratio from 1:8 to 8:1, 2) Improved Execution: INTC’s new CEO fixed the balance sheet, and is executing on a strategy that appears to have put INTC back on the competitive track, 3) Geopolitical Dynamics – have shined a light on INTC’s unique position as the only US-based leading edge maker of chips – INTC formed alliances with the US Gov’t, NVDA and Tesla – we expect more.

INTC is up 100% YTD so our timing is not optimal, but we think there is more to go. Our PT is $111.”

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Where the price stands

INTC trades at $61.36. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $111 target is 23% above the median.

Since the note INTC has moved −8% (from $66.78). 12-month window: day 193 of 365, closes on April 24, 2027.

Track record

This call✓ Target reached on May 6, 2026, 12 days after the note. Same target as this firm’s April 24, 2026 note, so it is scored there.

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

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, 2026 This noteUpgraded to Buy, target raised from $45 (+147%)Buy$111
  4. January 23, 2026Earliest 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.