Intel Hits New 12-Month High on Analyst Upgrade

Chip giant's stock price reaches new 52-week peak after Wells Fargo raises price target

Apr. 8, 2026 at 1:43pm

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Intel Corporation's (NASDAQ:INTC) stock price reached a new 52-week high during mid-day trading on Wednesday after Wells Fargo & Company raised their price target on the stock from $45.00 to $55.00. Wells Fargo & Company currently has an equal weight rating on the stock.

Why it matters

Intel is a bellwether for the semiconductor industry, and its stock performance is closely watched by investors as an indicator of broader technology sector trends. The new 52-week high suggests growing confidence in Intel's business outlook and potential for future growth.

The details

The stock traded as high as $55.54 and last traded at $55.7950, with a volume of 4,156,735 shares changing hands. The stock had previously closed at $52.91. Other analysts have also recently issued research reports about Intel, with several firms lifting their price targets on the stock.

  • On Wednesday, Intel's stock price reached a new 52-week high during mid-day trading.

The players

Intel Corporation

A leading global designer and manufacturer of semiconductor products, including processors and chipsets for a wide range of computing applications.

Wells Fargo & Company

A major American multinational financial services company that currently has an equal weight rating on Intel stock.

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The takeaway

Intel's new 52-week high reflects growing optimism about the company's future prospects, as analysts see potential for the chipmaker to capitalize on trends in areas like data centers and cloud computing. However, the stock still faces challenges, with a 'Reduce' rating from analysts on average.