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Intel's Surge: Can It Reach $150?
14 Sep
Summary
- Intel's revenue grew strongly, with Data Center and AI revenue up 59%.
- Intel Foundry reported a $2.1 billion operating loss last quarter.
- Analyst price targets show modest upside, with one model more cautious.
Intel (NASDAQ:INTC) reported its strongest revenue growth in over 15 years during Q2 2026, reaching $16.128 billion. Data Center and AI revenue specifically saw a significant increase of 59% year over year. This performance has propelled the company's stock price, with shares climbing 318.29% over the past year to $102.94.
Despite this impressive run, questions linger about Intel's ability to reach $150 by 2027. The company faces two primary challenges: Intel Foundry continues to incur substantial losses, posting a $2.1 billion operating loss in Q2. Additionally, a Q2 GAAP net loss of $11.033 billion was impacted by a large non-cash charge.
Market sentiment shows mixed signals. While some analysts maintain buy ratings, the consensus price target is $115.74. More cautious models project a base case of $93.93, indicating potential downside. The stock's high beta of 2.231 suggests significant volatility.
Demand reportedly continues to outpace supply, with non-GAAP EPS already showing improvement. However, recent momentum appears to be cooling, with the stock seeing only modest gains in the past month.
