Intel rises as Melius Research upgrades to 'buy'
ReutersJan 5, 2026 11:24 AM
Shares of chipmaker Intel INTC.O rise 3.2% to $40.62 premarket
Melius Research upgrades stock to "buy"; raises PT to $50 from $44
New PT implies an upside of ~27% to stock's last close
"There is a good chance that Nvidia (an Intel shareholder) and Apple take a hard look at producing chips on the 14A node by 2028/2029 and this news could fully filter into the stock as we go throughout 2026, driving higher book value" - Melius Research
Average rating of 45 analysts is "hold"; median PT is $23 - data compiled by LSEG
INTC rose ~84% in 2025
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