Intel price target raised to $118 from $66 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Intel (INTC) to $118 from $66 and keeps a Buy rating on the shares. The firm is positive on the company’s “incredibly strong” Q1 results, 18A execution, and AI data center and PC supercycle, which highlight a key AI-driven inflection point and accelerating momentum, the analyst tells investors in a research note. Intel is in the early stages of what the firm sees as a durable, multi-year structural comeback, with recent results confirming that its AI-led growth story is no longer theoretical but firmly underway, Tigress added.