Benchmark Raises Intel Price Target to $140
Benchmark analyst Cody Acree raised the price target on Intel (NASDAQ: INTC) to $140.00 (from $105.00) while maintaining a Buy rating.
“We come away from our recent fireside chat with Intel more constructive on the durability of the company’s recovery and the probability that investors are still underestimating FY27/FY28 earnings power and the multiples the stock should earn on that base.
We believe the central debate has moved away from demand discovery and toward conversion of constrained demand as 18A, Intel 3, advanced packaging, ASIC, and external foundry capacity scale.
Management said OEMs remain more concerned about Intel availability versus April PC volume noise, 18A yields are running roughly two to three months ahead of internal benchmarks, Intel 3 output in Ireland is ramping for Granite Rapids, and server CPU supply is likely to remain tight through CY26 with growing evidence of tightness into CY27.”
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