Shares of chipmaker Intel (INTC.O) rise 3.2% to $40.62 premarket
Melius Research upgrades stock to “buy”; raises PT to $50 from $44
New PT implies an upside of ~27% to stock’s last close
“There is a good chance that Nvidia (an Intel shareholder) and Apple take a hard look at producing chips on the 14A node by 2028⁄2029 and this news could fully filter into the stock as we go throughout 2026, driving higher book value” - Melius Research
Average rating of 45 analysts is “hold”; median PT is $23 - data compiled by LSEG
INTC rose ~84% in 2025

INTC

- Intel's shares increased 3.2% to $40.62 in premarket trading following an upgrade by Melius Research, which raised the price target to $50 from $44.  
- This new price target suggests a potential upside of approximately 27% from the stock's previous close and anticipates further growth as Nvidia and Apple may explore chip production on the 14A node by 2028/2029.  
- Despite Melius Research's bullish outlook, the average rating among 45 analysts remains “hold,” with a median price target of $23.

BUZZ-Intel rises as Melius Research upgrades to 'buy'