Intel Stock Surges on Analyst Upgrade

Shares of Intel jump 4.7% after Cantor Fitzgerald raises price target

Apr. 9, 2026 at 9:11pm

Got story updates? Submit your updates here. ›

An extreme close-up of complex, industrial-scale semiconductor manufacturing equipment and machinery, representing the heavy, physical infrastructure that underpins Intel's business.Intel's semiconductor fabrication facilities and manufacturing processes are the backbone of its business, as the company seeks to maintain its technological edge.Santa Clara Today

Shares of Intel Corporation (NASDAQ:INTC) traded up 4.7% on Thursday after investment firm Cantor Fitzgerald raised their price target on the stock from $45.00 to $60.00. Cantor Fitzgerald currently has a neutral rating on the stock.

Why it matters

Intel's stock price movement is closely watched by investors as the company is a bellwether for the semiconductor industry. This upgrade signals potential upside for the stock, though analysts warn the rally may have outpaced fundamentals.

The details

Intel traded as high as $62.08 and last traded at $61.72, with 154,453,409 shares changing hands during mid-day trading, an increase of 41% from the average session volume. The stock had previously closed at $58.95.

  • Intel stock traded higher on Thursday, April 9, 2026.

The players

Intel Corporation

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

Cantor Fitzgerald

An investment firm that covers Intel stock and raised their price target on the shares.

Got photos? Submit your photos here. ›

What’s next

Intel's earnings report on April 23, 2026 will be a key test for the stock, as analysts warn the recent rally may have outpaced the company's fundamentals.

The takeaway

Intel's stock surge on the Cantor Fitzgerald upgrade highlights the volatility and momentum-driven nature of the semiconductor industry, where a single analyst action can significantly move a bellwether stock price. However, the long-term outlook remains uncertain as Intel navigates industry challenges.