- Intel stock (INTC) has fallen nearly 17.30% over the past month amid a broader semiconductor sector sell-off.
- Analyst Vivek Arya from Bank of America Securities upgraded the stock’s rating, setting a new price target of $135.
- The upgrade suggests a potential 26% upside, though some strategists remain skeptical of the stock’s long-term sustainability.
A Bank of America Securities analyst upgraded his buy rating on struggling Intel stock on Thursday, June 11, suggesting the sell-off has created a prime entry point. Vivek Arya’s new price target of $135 represents a 26% upside from recent levels, according to his note to clients.
Consequently, a $1,000 investment could theoretically grow to $1,260 if the prediction proves accurate. The analyst recommended accumulating the stock at its current range or during any dips below the $100 mark.
However, this optimistic outlook contrasts with widespread sector weakness, as INTC has shed approximately 22 points in a single month. This slump mirrors a challenging period for the broader AI and semiconductor industry, which is currently on a slippery slope.
Meanwhile, other Wall Street firms have also issued upgraded forecasts for the chipmaker, projecting double-digit gains. This aligns with the significant institutional and retail investment flowing into the AI sector this year.
Nevertheless, many strategists express skepticism about the longevity of Intel‘s rally, citing its underwhelming five-year performance. The stock gained less than 50% over that period, trading mostly sideways from 2021 until March 2026.
Therefore, experts project the stock could retrace after reaching its next target, as it is largely moving with the sector’s momentum. Its recent rally from $50 to a yearly high of $111 only began in the second quarter of this year.
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