Intel stock price target reset ahead of earnings

What happened: Intel's stock price surged 22% to near $82 following its Q1 2026 earnings report on April 23, despite a $3.7bn net loss driven by restructuring and impairment charges. The company's EPS was a loss of $0.73, wider than the expected loss of $0.11. Analysts at Bank of America reset their price target to $100, while Morgan Stanley reset theirs to $95.

Market impact: Intel's stock price gains, driven by optimism around its turnaround, have outperformed the broader market (SPY up 4% YTD vs. INTC's 123%). The semiconductor sector, including competitors like AMD and NVDA, may face increased scrutiny as investors reassess Intel's competitive position. Long-term investors are bullish, as indicated by high INTC call option premiums.

What to watch next: Intel's Q2 2026 earnings report on July 22 will provide updates on its turnaround progress. Additionally, investors will closely monitor Intel's market share in the competitive semiconductor landscape, with AMD's earnings on May 3 and NVDA's on May 18 serving as key catalysts.