INTC is trading at $67.30, up 3.11% in after-hours trading as Lynx Equity raised its price target to $90 on manufacturing strength and improved gross margins.
- Lynx Equity increased its target from $70, citing full-capacity operations across 3nm, 7nm, and 14nm manufacturing nodes.
- The upgrade reflects confidence in Intel's turnaround efforts and its competitive stance in the AI chip market.
- Shares are rebounding from a 1.49% decline during regular trading on April 22 amid a broader semiconductor rally.