INTC analyst coverage and price targets

What happened: Intel Corporation (NASDAQ:INTC) saw a wave of analyst coverage changes in late June and early July 2026. Cantor Fitzgerald raised its price target to $150, maintaining a Neutral rating. HSBC analyst Frank Lee doubled his price target to $200, switching from 'Reduce' to 'Buy'. Bank of America Securities raised its price target to $160, maintaining a 'Buy' rating. Goldman Sachs initiated coverage with a Neutral rating and a $150 price target. Intel's stock jumped 5.3% and 4.2% on consecutive days, driven by these analyst upgrades.

Market impact: The semiconductor industry and related tech stocks were affected. Intel's peers like AMD and TSMC saw indirect impacts. The upgrades reflect optimism in Intel's growth potential, particularly in AI and foundries, driving investor interest in the sector.

What to watch next: Intel's Q2 2026 earnings report on August 10, 2026, will provide insights into its AI and foundry businesses. Additionally, monitor regulatory decisions around Intel's planned $30 billion EUV chip plant, which could impact its production capabilities and market share.