Intel Stock (INTC) Draws Mixed Analyst Reactions as Deutsche Bank Sees Foundry Momentum

Intel (INTC) stock remained in focus after another wave of Wall Street analyst updates highlighted growing optimism surrounding the company’s foundry business, even as analysts remain divided on the stock’s overall upside potential.

Analysts Update INTC Stock Targets

Deutsche Bank analyst Ross Seymore raised his price target for Intel stock to $100 from $63 while maintaining a Hold rating on the shares. Despite the neutral stance, the updated target reflects improving sentiment surrounding Intel’s foundry operations.

According to Seymore, reports of Intel’s foundry business gaining customer traction “have become much more frequent” over the past month. That growing momentum has increased confidence that Intel may finally be making progress in its effort to compete with major chip manufacturers in outsourced semiconductor production.

Additional analyst coverage of INTC stock included:

• Mizuho Securities analyst Vijay Rakesh reiterated a Hold rating and boosted his price target to $124 from $100.
• Benchmark Co. analyst Cody Acree maintained a Buy rating while increasing his price target to $105 from $76.
• Bank of America analyst Vivek Arya reiterated a Sell rating and increased his price target to $96 from $56.
• RBC Capital analyst Srini Pajjuri maintained a Hold rating and an $80 price target for Intel stock.

What About the Best Analysts Covering INTC Stock?

Among the analysts covering Intel, Acree is one of the most accurate and profitable following the stock over the past three months. Acree has generated a 58% success rate with an average return of 8.32% per rating.

Meanwhile, Northland Securities analyst Gus Richard ranks among the most accurate and profitable analysts covering Intel over longer timeframes. Over the past year, Richard has posted a 64% success rate with an average return of 63.32% per rating. His two-year performance is even stronger, featuring a 72% success rate and an average return of 163.78%. He has a Buy rating and a $92 price target for INTC stock, suggesting a possible 23.72% downside.

How Has Intel Stock Moved Today?

Intel stock was down 2.45% on Wednesday, but remained up 218.86% year-to-date. The stock has also gained 260.46% over the past 12 months.

Trading activity today saw some 31.76 million shares of INTC change hands, compared to a three-month average daily trading volume of about 97.37 million shares.