Citi Raises Intel Price Target to $130 on Agentic CPU Boom

Citi analyst Atif Malik raised the price target for Intel (NASDAQ:INTC) to $130 from $95, while maintaining a Buy rating. The revision is based on a new total addressable market (TAM) framework centered on agentic CPU workloads in the age of artificial intelligence.

Rating Change

• Previous Price Target: $95
• New Price Target: $130
• Rating: Buy

Analyst Rationale

Malik sees agentic CPUs as a completely new market opportunity for Intel, as these processors can power autonomous AI applications requiring high performance and energy efficiency. The analyst believes Intel is well-positioned to capitalize on this trend due to its manufacturing capabilities and customer relationships.

Context

The upgrade comes after a period of mixed performance for Intel's stock, as the company faced challenges in the traditional data center market. In contrast, other analysts note that Intel's focus on the agentic CPU market could help it regain market share. Intel has not yet commented on the report.

What to Make of It

The upgrade reflects growing optimism about Intel's role in the AI revolution, particularly in the agentic CPU space. However, actual performance will depend on the company's ability to execute its strategy and generate revenue growth from this new segment.