- Tigress Financial reaffirmed its “Buy” rating for Intel, raising its price target to $145.00 from $118.00.
- Intel’s Data Center and AI division revenue surged by an impressive 59% to $6.30 billion in Q2, indicating robust growth.
- The upcoming initial public offering (IPO) of Altera, in which Intel holds a 49% stake, is expected to clarify the market value of its investment in the chip business.
On September 15, 2026, Tigress Financial confirmed its “Buy” rating for Intel (NASDAQ: INTC). The firm raised its price target for the stock to $145.00 from a previous target of $118.00. At the time of the announcement, Intel’s stock price was $97.14, reflecting the firm’s confidence in the company’s future growth.
Intel is a major semiconductor company that faces competition from key players like NVIDIA (NASDAQ: NVDA) and AMD (NASDAQ: AMD). The entire semiconductor sector is navigating market pressures, including concerns over future AI spending and the impact of higher interest rates. These factors have created uncertainty for investors in technology stocks.
The positive analyst rating is supported by Intel’s strong internal performance. The company’s Data Center and AI division, a critical area for growth, saw its revenue increase by an impressive 59% to $6.30 billion in the second quarter. This demonstrates significant momentum in a key market segment.
Another positive development is the planned initial public offering (IPO) for Altera. An IPO is when a private company first sells shares to the public. Since Intel holds a 49% stake in Altera, this event will help determine a clear market value for its investment in the chip business.
Following the Altera news, Intel’s stock rose by 2.2% to $99.32. This adds to a remarkable run, with its shares climbing 315% over the past 12 months, as highlighted by 24/7 Wall Street. The stock’s 52-week high is $142.35, while its low is $24.45.
