Intel gets UBS price bump

UBS raised its Intel price target to $65 from $51 and kept a Neutral rating as server-chip demand improved. (finance.yahoo.com) The note pointed to stronger near-term demand trends, while warning that valuation could cap further upside even after the target increase. Intel shares traded around $65 on Monday and around $64 in early trading on Wednesday, April 15. (finance.yahoo.com) (google.com) UBS also tied part of its nearer-term optimism to Intel’s foundry effort, the business where the company tries to manufacture chips for outside customers as well as for itself. Intel has been pitching that strategy as a second engine beyond its own processor lineup. (finance.yahoo.com) (newsroom.intel.com) That call lands as Intel heads into earnings on April 23, 2026, when investors will get the next read on whether stronger server demand is turning into revenue. The company said it will report first-quarter results after the market closes and hold its conference call at 2 p.m. Pacific time. (intc.com) Intel’s server business has been one of the brighter spots in recent weeks. In March, Chief Financial Officer David Zinsner said he expected strong demand for Intel’s server processors to continue through 2026, and the stock rose 6.2% that day to $45.77. (marketscreener.com) The foundry story has also picked up alongside the demand rebound. On April 1, Intel said it would pay $14.2 billion to buy back Apollo’s 49% stake in the Fab 34 joint venture in Ireland, giving Intel full ownership of that factory again. (newsroom.intel.com) Intel has been under new leadership for just over a year. The company appointed Lip-Bu Tan chief executive effective March 18, 2025, after a period when David Zinsner and Michelle Johnston Holthaus served as interim co-chief executives. (intc.com) UBS’s move lifts the target, but not the rating, which leaves the next test on Intel’s own numbers a week away. April 23 now looks like the date that has to back up the new $65 math. (finance.yahoo.com) (intc.com)