Vandita Jadeja
Fri, June 19, 2026 astatine 8:49 AM CDT 4 min read
Quick Read
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Intel (INTC) has surged implicit 260% year-to-date to $134, but our exemplary rates it a SELL with a $103 terms target.
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Apple's (AAPL) U.S. spot concern and NVIDIA's (NVDA) $5 cardinal equity involvement signifier the bull lawsuit that could propulsion Intel to $150.
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Intel trades astatine 133x guardant net with astir $4 cardinal successful antagonistic escaped currency flow, placing the bear-case people astatine $77.
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Intel (NASDAQ:INTC) has been 1 of the astir explosive turnaround stories of 2026, with shares up 263.12% twelvemonth to day done June 18. After a 12% single-day surge connected quality of an Apple (NASDAQ:AAPL) manufacturing partnership, the chipmaker trades astatine $133.99.
Our 24/7 Wall St. terms people for Intel is $102.57, implying a 12-month instrumentality of -23.45%. The exemplary rates the banal a merchantability astatine existent levels with 90% confidence.
Why We Could Be Wrong
Our 24/7 Wall St. terms people sits good beneath existent levels. The Apple foundry deal, the 10% U.S. authorities stake, and a confirmed relation producing big CPUs for NVIDIA (NASDAQ:NVDA)'s DGX Rubin NVL8 systems transportation imaginable to propulsion net good supra our model. A afloat bull lawsuit appears below.
A 523% Rally Reset the Setup
Intel gained 523.5% implicit the past twelvemonth and 20.93% successful the past month. Trump's June 18 announcement that Apple would spouse with Intel connected U.S. spot accumulation sent shares up 10.64% successful 1 session.
Q1 2026 non-GAAP EPS came successful astatine $0.29 against $0.0127 consensus, gross grew 7.18% to $13.577 billion, and Data Center and AI gross jumped 22%. CEO Lip-Bu Tan flagged a "sixth consecutive 4th of gross supra our expectations."
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The Case for $150+
If the bull lawsuit plays out, Intel's foundry strategy resembles a 2nd TSMC. The Apple partnership, the multiyear Google (NASDAQ:GOOGL) collaboration connected customized ASIC IPUs, and the $5 cardinal NVIDIA equity concern correspond the outer lawsuit flywheel Tan has promised.
Combined with $8.9 cardinal successful CHIPS Act funding, Intel 18A entering high-volume manufacturing, and a Panther Lake AI PC level spanning 200-plus OEM designs, the foundry conception could plaything from a $2.51 cardinal quarterly operating nonaccomplishment to breakeven faster than consensus. Forward EPS could reset toward $1.50, and a 100x aggregate gets Intel to $150.

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