Intel price target raised to $76 from $57 at Benchmark

Benchmark raised the firm’s price target on Intel (INTC) to $76 from $57 and keeps a Buy rating on the shares. Intel’s dual announcements over the past two days “matter because they address both of the key debates in the stock at once,” the analyst tells investors. The Google (GOOGL) announcement is “the cleaner near-term fundamental development,” reinforcing that CPUs remain central in heterogeneous AI systems and that x86 still has a durable role inside hyperscale infrastructure, the analyst argues. The Tesla (TSLA)/SpaceX/xAI Terafab announcement is “less detailed commercially,” but still serves as “meaningful symbolic validation” that Intel 18A has moved materially closer to commercial credibility, the analyst adds.

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