Freedom Broker Upgrades Intel Corporation (INTC) to Buy, Lifts PT

Intel Corporation (NASDAQ:INTC) is one of the top semiconductor stocks in our ranking of the top 10 chip stocks by YTD performance. On April 28, Freedom Broker upgraded Intel Corporation (NASDAQ:INTC) to Buy from Hold, lifting the price target on the stock to $100 from $25. The firm told investors that the company’s fiscal Q1 earnings report, with a material beat across revenue, gross margin, and EPS, marks a credible inflection in the “new Intel” thesis under Lip-Bu Tan. It also said that for the first time in several quarters, it includes “forward guidance that reinforces rather than undercuts the operational narrative”.

Is Intel Corporation (INTC) One of the 10 Large-Cap Stocks that are on Fire Right Now

Intel Corporation (NASDAQ:INTC) announced financial results for fiscal Q1 2026 on April 23, reporting that revenue for the quarter reached $13.6 billion, up 7% year-over-year. First-quarter earnings (loss) per share attributable to the company were $0.73, while non-GAAP EPS attributable to Intel Corporation (NASDAQ:INTC) were $0.29. Management further reported that it is forecasting fiscal Q2 2026 revenue in the range of $13.8 billion to $14.8 billion, and is expecting fiscal Q2 2026 EPS attributable to the company of $0.08 and non-GAAP EPS of $0.20.

Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.

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