Intel price target raised to $22 from $20 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on Intel (INTC) to $22 from $20. Intel reported relatively strong Q2 revenue results but guided for a “sub-seasonal” second half of 2025 with some expectations for purchasing impact from tariff-related end customer pull-ins, the analyst tells investors in a research note. Roth is encouraged that under new management, Intel is focusing on a more comprehensive AI strategy, target improved return on manufacturing capital investment, and beginning the process of de-levering the balance sheet.