The Investor
08 Sep 2026, 16:21
Intel Stock Surges 9.3% as Wall Street Turns Bullish With Multiple Upgrades
Intel (NASDAQ: INTC) shares jumped 9.3% Tuesday to around $104.75 as several Wall Street firms adopted more bullish ratings on the chipmaker.
UBS upgraded Intel from Neutral to Buy, while RBC Capital Markets initiated coverage with an Outperform rating. Citigroup also initiated the stock with a Buy rating.
Northland Securities became more bullish as well, moving Intel from Market Perform to Outperform and setting a $120 price target. Based on Intel’s $104.75 share price, that target implies roughly 15% additional upside.
The wave of positive analyst actions highlights improving sentiment around Intel as investors assess the company’s turnaround and its position in the rapidly expanding AI and semiconductor infrastructure markets.
Intel has been investing heavily in advanced manufacturing and its foundry business while competing for growing demand associated with AI data centers and next-generation computing. Progress in these areas could be critical to improving profitability and strengthening Intel’s competitive position.
Tuesday’s combination of upgrades and new bullish coverage provided a strong catalyst for the stock, helping Intel shares climb more than 9% during the session.
Intel (NASDAQ: INTC) shares jumped 9.3% Tuesday to around $104.75 as several Wall Street firms adopted more bullish ratings on the chipmaker.
UBS upgraded Intel from Neutral to Buy, while RBC Capital Markets initiated coverage with an Outperform rating. Citigroup also initiated the stock with a Buy rating.
Northland Securities became more bullish as well, moving Intel from Market Perform to Outperform and setting a $120 price target. Based on Intel’s $104.75 share price, that target implies roughly 15% additional upside.
The wave of positive analyst actions highlights improving sentiment around Intel as investors assess the company’s turnaround and its position in the rapidly expanding AI and semiconductor infrastructure markets.
Intel has been investing heavily in advanced manufacturing and its foundry business while competing for growing demand associated with AI data centers and next-generation computing. Progress in these areas could be critical to improving profitability and strengthening Intel’s competitive position.
Tuesday’s combination of upgrades and new bullish coverage provided a strong catalyst for the stock, helping Intel shares climb more than 9% during the session.
