Did Bank of America change its rating for Intel?

No, it maintained a "Neutral" rating but raised the price target.

Why did Bank of America raise Intel's price target?

The analyst sees Intel at a potential inflection point, citing manufacturing expansion and entry into the programmable logic chip market.

What are the main challenges facing Intel?

Intel faces intense competition from Nvidia in AI chips and AMD in PC processors.

Bank of America Resets Intel Stock Price Target

Bank of America raised Intel's (INTC) price target on June 11, a move that could change the narrative around the stock. The new target comes despite ongoing competitive pressures from Nvidia and AMD.

June 12, 2026

2 min read

Source: TheStreet

Bank of America raised its price target for Intel (INTC:NASDAQ) on June 11, a move that could shift market sentiment. The new rating comes despite Intel facing fierce competition from Nvidia (NVDA:NASDAQ) and AMD (AMD:NASDAQ).

Rating Change

The analyst raised the price target from $30 to $40, maintaining a "Neutral" rating. This represents a 33% increase from the previous target.

Analyst Rationale

The analyst believes Intel may be at an inflection point, citing its plans to expand manufacturing capabilities and enter the programmable logic chip market. The current valuation also appears to reflect excessive pessimism.

Context

Intel faces intense competitive pressure from Nvidia in AI chips and AMD in PC processors. The stock has underperformed over the past year, declining about 40%.

What to Make of It

The price target hike offers some confidence in Intel's turnaround potential, but the "Neutral" rating suggests risks remain. Investors should monitor Intel's strategic execution before making decisions.

Frequently Asked Questions

Bank of America raised Intel's price target from $30 to $40.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.