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Intel (NASDAQ:INTC) Stock Price Up 11.4% After Analyst Upgrade
Shares rise after Wells Fargo raises price target on the chip maker's stock
Apr. 8, 2026 at 8:53pm
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The inner workings of an Intel processor highlight the company's technological prowess as it seeks to regain its footing in the competitive semiconductor market.Santa Clara TodayIntel Corporation (NASDAQ:INTC) shares rose 11.4% 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. Intel traded as high as $59.17 and last traded at $58.95. Approximately 183,450,093 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 108,894,008 shares.
Why it matters
This analyst upgrade and resulting stock price increase for Intel highlights the ongoing volatility and uncertainty in the semiconductor industry. Intel, as one of the largest and most influential chip makers, is seen as a bellwether for the broader technology sector. Investors will be closely watching to see if this positive momentum can be sustained or if it is just a temporary bounce.
The details
A number of other equities analysts also recently issued reports on Intel. Stifel Nicolaus increased their price objective on Intel from $35.00 to $42.00 and gave the stock a "hold" rating. Roth Mkm increased their price objective on Intel from $40.00 to $50.00 and gave the stock a "neutral" rating. Citic Securities upgraded Intel from a "hold" rating to a "buy" rating and increased their price objective from $38.90 to $60.30. Royal Bank Of Canada cut their target price on Intel from $50.00 to $48.00 and set a "sector perform" rating on the stock. DZ Bank reissued a "sell" rating on shares of Intel.
- Intel stock traded as high as $59.17 on Wednesday, April 8, 2026.
- The stock last traded at $58.95 on Wednesday, April 8, 2026.
The players
Wells Fargo & Company
A major American multinational financial services company that raised its price target on Intel stock from $45.00 to $55.00 and maintained an equal weight rating.
Intel Corporation
A leading global designer and manufacturer of semiconductor products, including processors and chipsets for personal computers and data centers.
What they’re saying
“Intel Corporation (NASDAQ:INTC - Get Free Report) shares rose 11.4% 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, Analyst
What’s next
Investors will be closely watching to see if Intel can sustain this positive momentum in its stock price or if it is just a temporary bounce. The company's performance and outlook will be closely scrutinized by analysts and investors in the coming quarters.
The takeaway
This analyst upgrade and stock price increase for Intel highlights the ongoing volatility and uncertainty in the semiconductor industry. As a bellwether for the broader tech sector, Intel's performance is seen as an important indicator of the health of the overall market. Investors will be closely monitoring the company's ability to maintain this positive momentum and capitalize on any potential upside in the industry.
