Key Takeaways Shares of Intel opened 4.7% higher at $101.37 following Tigress Financial’s decision to increase its price target from $118 to $145 while maintaining a Buy recommendation. Ben R
Shares of Intel (INTC) experienced a significant uptick Wednesday, climbing 4.7% to open at $101.37 after Tigress Financial announced an upgraded price target of $145, up from $118, while reaffirming its Buy recommendation. The semiconductor giant had concluded the previous trading session at $97.14.
This price action followed a period of heightened activity surrounding Intel, with several analysts revising their outlooks and speculation growing around a significant manufacturing partnership.
Ben Reitzes from Melius Research reinforced his positive stance, maintaining a Buy rating alongside a $165 price target. He emphasized Intel’s foundry operations as a critical component of the bull thesis, suggesting that a sum-of-the-parts analysis of the company’s two main business segments could justify a valuation approaching $200 per share.
According to Reitzes, Intel’s foundry infrastructure—encompassing manufacturing facilities, engineering talent, intellectual property, and advanced packaging technologies—is becoming increasingly valuable as the United States intensifies efforts to strengthen domestic semiconductor manufacturing capabilities.
The analyst envisions a potential scenario where Intel’s foundry unit could be separated into an independent entity by approximately 2030, establishing a dedicated U.S.-based chip manufacturing powerhouse. His current $165 target incorporates a 15%-20% discount to the theoretical $200 valuation.
Reitzes also highlighted anticipated capital expenditure increases for 2027 beyond 2026 levels, interpreting this as management’s confidence in the upcoming 14A manufacturing technology node.
Year-to-date, Intel stock has surged approximately 163%, significantly outperforming AMD’s 130% gain and the VanEck Semiconductor ETF’s 50% increase.
In August, CEO Lip-Bu Tan demonstrated confidence in the company’s trajectory by acquiring 105,263 shares at $95 apiece, representing an investment of nearly $10 million. This transaction brought Tan’s total holdings to approximately 1.31 million shares.
Intel also recently completed a substantial capital raise of nearly $20 billion through a stock offering priced at $95 per share, resulting in approximately 3.5% dilution, with proceeds earmarked for foundry expansion initiatives.
According to a Reuters report, SK Hynix is engaged in discussions regarding a potential leasing arrangement or partnership with Intel for memory chip manufacturing in the United States. Such an agreement could improve capacity utilization at Intel’s delayed Ohio manufacturing facility while capitalizing on robust AI-related memory chip demand.
Neither specific terms nor a definitive agreement have been disclosed. Any potential deal would likely face scrutiny from South Korean authorities regarding technology transfer and security considerations.
Not every analyst shares the same optimism. Morgan Stanley increased its price target to $84 while maintaining an equal weight stance. Mizuho reduced its target to $92 with a neutral rating.
UBS upgraded Intel to Buy on September 8. Roth Capital increased its target to $120. Truist raised its target to $108 but retained a Hold rating.
Among 51 analysts covering the stock, Intel maintains a consensus Hold rating with an average price target of $108.49.
In July, Intel delivered Q2 earnings of $0.42 per share, surpassing analyst expectations of $0.21, on revenue of $16.13 billion, reflecting 25.2% year-over-year growth. Management provided Q3 2026 EPS guidance of $0.38.
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