Intel to $70, Says KeyBanc, Intel Stock (NASDAQ:INTC) Notches Up

Chip stock Intel INTC +0.64% ▲ has been in a serious fight for the last several months, coming back from the brink of disaster to reach a point where everything it makes is in sudden, almost strenuous demand. A new report out from KeyBanc suggests that Intel can actually achieve even harder than it is currently, as far as its share price is concerned. Investors were willing to go along with it, sending shares up fractionally in Monday afternoon’s trading.

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Word from KeyBanc analyst John Vinh—who has a five-star rating on TipRanks—is that processor shortages will continue to benefit Intel for some time to come. With demand for chips coming in from multiple directions, including at least two new gaming consoles set to arrive over the next two years or so as well as a soaring demand for artificial intelligence (AI) infrastructure, Intel’s product line should continue to be desirable.

Vinh noted, “Total demand for server[s] has gotten incrementally stronger with the rise of AI-agent-driven workloads. However, supply remains heavily constrained by limited server CPU.” This led Vinh to keep his Overweight rating in place, and also hike his price target from its original $65 to a new $70.

Raptor Lake is Here to Stay

One of Intel’s products, the Raptor Lake lineup, is likely to continue to be a part of the show for some time to come, reports noted. Robert Hallock, vice president and general manager of its enthusiast channel, noted that the rise of Arrow Lake Refresh does not mean that Raptor Lake is being quietly sunset.

Hallock made it clear: Raptor Lake is “…an extremely fast product and is not going away any time soon.” DDR4 RAM prices are on the rise, but with many users still putting DDR4 to work, reports note, it means that some of that RAM could be re-used. That in turn opens up cost savings, and these days, saving a buck goes a lot farther than it once did. Thus, Raptor Lake—part of many DDR4 systems—becomes a viable part of future operations.

Is Intel a Buy, Hold or Sell?

Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on six Buys, 23 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 157.43% rally in its share price over the past year, the average INTC price target of $48.07 per share implies 5.24% downside risk.

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