Hansen, Mueller Industries director, sells $105,710 in stock
Investing.com - TD Cowen has raised its price target on Intel (NASDAQ:INTC) to $38.00 from $35.00 while maintaining a Hold rating on the stock. The semiconductor giant, currently trading at $39.50 and near its 52-week high of $39.65, has delivered impressive returns with an 84.59% gain year-to-date.
The research firm cited a "refreshingly clean set of results and guidance" for Intel, noting that the company’s revenue benefited from Windows 11 upgrades and server strength.
TD Cowen observed that higher gross margins and lower operating expenses helped boost Intel’s earnings per share performance during the quarter.
Despite these positive developments, the firm highlighted potential challenges ahead, including "incremental gross margin headwinds for 2026" and the deconsolidation of Altera, which it said would lower future financial projections.
The research firm characterized the headline results as positive but cautioned that "a lot still needs to go right for the fundamentals to catch up with the stock narrative and price."
In other recent news, Intel has reported third-quarter revenue of $13.65 billion and earnings per share of $0.23, surpassing consensus estimates of $13.15 billion and $0.01, respectively. The company’s performance in both the client and datacenter segments exceeded expectations, with notable strength in the Client Computing Group. Following these results, several firms have adjusted their price targets for Intel. Benchmark raised its price target to $50, citing Intel’s strong September performance and its return to profitability after six quarters of GAAP losses. Bernstein increased its target to $35, highlighting the robust third-quarter results, while maintaining a Market Perform rating. Rosenblatt also raised its target to $25, acknowledging Intel’s balance sheet improvements and rising CPU demand, though it maintained a Sell rating. Additionally, Baird increased its price target to $40, pointing to promising advancements in Intel’s 14A process technology. Meanwhile, Stifel reiterated a $35 price target, noting the company’s strong third-quarter earnings and improved gross margin.
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