Intel (NASDAQ: The price of INTC shares) provided one of the most powerful benefits hit a multi-year high on July 24, prompting some analysts to revise their expectations for Intel stock.
For example, Seaport Global Securities has raised its forecast for Intel 2026 from $90 to $125 while reiterating the “Buy” rating, citing strong quarterly results and a positive outlook.
Specifically, the filing showed that Intel’s return on capital was above 40% for the first time in two years, which is seen as a big sign that the company’s turnaround is accelerating.
Seaport also hinted at management’s decision to increase output in 2026 and possibly 2027, saying the chip maker can’t do without meeting customer needs. Intel’s confirmation that its 14A manufacturing process is still viable seems to support this.
DA Davidson raises the price of INTC to $100
DA Davidson also raised its price target on Intel, raising it from $77 to $100 and maintaining “Neutral”. Analysts noted that the latest quarterly results exceeded Wall Street’s expectations for revenue and earnings, reflecting the importance of the company’s CPU business.
“We maintain our NEUTRAL rating and raise our price target to $100 from $77 on INTC following strong 2Q26 earnings that were highlighted by the expected big hit,” DA Davidson wrote.
In addition, DA Davidson cited the increase in spending as a sign that leadership continues to attract new customers as demand for home appliances continues to grow in the United States.
Cantor Fitzgerald cuts Intel stock target price
Conversely, Cantor Fitzgerald lowered its price target for Intel from $150 to $125, although it repeats “Politics” and says that the long-term outlook is still promising.
On the more conservative end, Cantor pointed to the uncertainty surrounding Intel’s customer business, the loss of server CPU market share, and the lack of new customer announcements. In addition, the lender also noted speculation that Intel could raise capital.
However, the company remains bullish on Intel, mainly because of its relationships Taiwan Semiconductor Manufacturing (NYSE: The price of TSM), which would boost the company and the US semiconductor industry.
Overall, Cantor concluded that investors will not be too bullish until Intel shows greater potential in its front-end and back-end manufacturing operations.
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