Intel's stock experienced fluctuations on June 26, 2026, after Goldman Sachs initiated coverage with a 'Neutral' rating and a $150 price target. The report acknowledged Intel as a primary beneficiary of the AI buildout but expressed a preference for competitors like AMD and Nvidia for immediate growth. This news triggered some initial profit-taking, causing the stock to dip.
Despite the 'Neutral' rating, the report highlighted potential positives for Intel, including increased demand for server CPUs driven by artificial intelligence and the company's leadership position in the U.S. foundry sector. The market showed some resilience as institutional buyers reportedly stepped in, helping the stock to recover from its initial lows. This analyst action comes amid a period of significant gains for Intel's stock in 2026.