Deutsche Bank raised its Intel price target to $100 from $63. The bank cited tangible progress and new customer orders within Intel's foundry business.
Intel reported Q1 2026 financial results that exceeded market expectations. The company secured major new customer agreements alongside improving foundry signals.
Intel shares more than doubled over the past month. The stock recently surpassed its previous peak from the dot-com era.
Deutsche Bank maintained a Hold rating despite the higher price target. Other analysts warned of buyer exhaustion and potential profit-taking following the rapid rally.