Intel (INTC) stock has surged 463.1% over the past 12 months, capping a volatile stretch that saw a 17.9% jump in the last week but a 2.8% slip over the past month. Wall Street’s analysts are neutral, with a Hold consensus and a 12-month average price target of $90.82, implying downside from the last closing price of $116.96.
Despite that cautious consensus, analyst Vivek Arya has turned notably bullish, upgrading Intel from Underperform to Buy with a fresh price target of $135, above current levels. Arya sees Intel gaining from increased visibility in both CPUs and foundry services, as it helps address industry bottlenecks in leading-edge wafers and advanced packaging.
The analyst projects Intel’s earnings power to exceed $6 per share by 2030, up from a prior view of $3–4, driven by growth in both product and foundry operations. He highlights Intel’s positioning in a rising server CPU market expected to surpass $170 billion by 2030, with Intel potentially capturing about a quarter of that total.
On the foundry side, Arya points to opportunities tied to potential engagements around Apple M-Series wafers, MediaTek TPUs, Terafab packaging, other ARM-based server CPUs, and edge AI expansion into client devices. He also notes that recent IP sign-ups and Terafab deals improve Intel’s longer-term visibility in external foundry and support a more sustainable IP ecosystem.
Arya, who ranks 77 out of 12,241 analysts with a 63.03% success rate and 31% average return per rating, also underscores Intel’s relatively low ownership at just 16% despite its large market cap, suggesting room for broader investor participation. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.