New Street Research Intel · INTC

New Street Research Upgrades Intel to Buy, $125 Price Target

October 26, 2026 Analyst: Pierre Ferragu 1 min read Reproduced verbatim
Rating
Buy
from Neutral
Target
$125
Upside
+40%
INTC at $89.44 today
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What the analyst said

New Street Research analyst Pierre Ferragu upgraded Intel (NASDAQ: INTC) from Neutral to Buy with a price target of $125.

“Agentic AI is driving a sustained increase in server CPU demand, with supply constraints set to persist for years, while Intel is getting rid of bad nodes and adding capacity.

We estimate server capacity can grow >50% in 2027 through Intel 3 expansion, 18A ramps and capacity shifting from PCs to servers.

This creates room for a material beat on DCAI revenues and earnings revisions next year.

Looking further out, we forecast Intel server CPU revenues of $50bn by 2030, even as market share falls to 20-25%, as the overall market exceeds $220bn.

Stronger internal demand also supports foundry utilization, reinforcing the broader turnaround. We upgrade Intel to Buy with a $125 Target Price, based on 25x our 2030 EPS forecast of $7.1.”

Disclaimer
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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

INTC trades at $89.44. The 10 analysts who set a target in the last 3 months range from $85 to $165, with a median of $111. This $125 target is 13% above the median.

12-month window: day 0 of 365, closes on October 26, 2027.

Track record

This callOpen: a 12-month target, scored on October 26, 2027, a year after the note.

Firm track recordToo early to score New Street Research: price targets are 12-month calls and fewer than 3 of its targets are a year old. 1 of its 2 open targets have already been reached. How we score

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Other analysts on Intel

RBC CapitalHold Kept rating and price target · Oct 25 $100maintained SusquehannaHold Cut price target −9%, kept rating · Oct 21 $105from $115 TD CowenHold Cut price target −17%, kept rating · Oct 19 $95from $115 JP MorganHold Upgraded · Oct 19 $85 MizuhoHold Raised price target +24%, kept rating · Oct 6 $114from $92
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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.