Intel (INTC) Stock: One Analyst Sees $165, Another Thinks It Could Hit $200

TLDR

• Intel stock opened at $101.37, up 4.7%, after Tigress Financial raised its price target from $118 to $145 and kept a Buy rating.
• Melius Research analyst Ben Reitzes reiterated a Buy rating with a $165 price target, citing Intel’s foundry business as a long-term growth driver.
• CEO Lip-Bu Tan bought roughly $10 million worth of Intel stock at $95 per share in August.
• Reuters reported SK Hynix may partner with Intel to manufacture memory chips in the U.S., potentially boosting foundry revenue.
• Intel’s consensus rating remains Hold, with an average price target of $108.49 across 51 analysts.

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Intel (INTC) stock jumped 4.7% Wednesday, opening at $101.37 after Tigress Financial raised its price target from $118 to $145 and maintained a Buy rating. The stock had closed the prior session at $97.14.

Intel Corp., INTC

The move came on the back of a busy stretch for Intel news, with multiple analysts adjusting their views and a potential manufacturing deal drawing attention.

Melius Research analyst Ben Reitzes also weighed in, reiterating a Buy rating and a $165 price target. He pointed to Intel’s foundry business as a key part of the investment case and estimates the company’s two businesses could support a sum-of-the-parts valuation of around $200 per share.

Reitzes sees Intel’s foundry assets, including chip fabs, engineers, IP, and packaging capabilities, growing in importance as the U.S. pushes to expand domestic semiconductor production.

He believes Intel’s foundry division could eventually be spun out around 2030, creating a standalone U.S. chip manufacturing company. His $165 price target already reflects a 15%-20% discount to that $200 valuation.

Reitzes also pointed to planned increases in capital spending for 2027 above 2026 levels as a sign of confidence in Intel’s next-generation 14A manufacturing process.

Intel stock has gained roughly 163% this year, outpacing AMD, which is up about 130%, and the VanEck Semiconductor ETF, up around 50%.

CEO Buys $10 Million in Stock

CEO Lip-Bu Tan purchased 105,263 shares at $95 each in August, spending just under $10 million. Following the purchase, Tan holds approximately 1.31 million shares in the company.

Intel also recently raised nearly $20 billion by selling stock at $95 per share, resulting in about 3.5% dilution, to help fund its foundry ambitions.

SK Hynix Deal Could Add Foundry Revenue

Reuters reported that SK Hynix is in discussions to lease or partner with Intel to manufacture memory chips in the U.S. The arrangement, if completed, could help fill capacity at Intel’s delayed Ohio facility and tap into AI-driven memory demand.

No agreement or financial terms have been announced. South Korean regulators could also review any deal for technology security concerns.

Mixed Analyst Picture

Not all firms are as bullish. Morgan Stanley raised its target to $84 but kept an equal weight rating. Mizuho cut its target to $92 and held a neutral view.

UBS upgraded Intel to Buy on September 8. Roth Capital raised its target to $120. Truist lifted its target to $108 but kept a Hold rating.

Across 51 analysts, Intel holds a consensus Hold rating with an average price target of $108.49.

Intel reported Q2 earnings of $0.42 per share in July, beating estimates of $0.21, on revenue of $16.13 billion, up 25.2% year over year. The company set Q3 2026 EPS guidance at $0.38.