Wells Fargo Raises PT on Intel (INTC) Stock

Wells Fargo raised its price target on Intel stock to $110 from $85 and kept an Equal Weight rating. The move follows positive sentiment on AI data center build-outs and agentic AI driving server CPU and memory demand. The firm cited economies of scale and supply constraints through 2027 as key factors. Mizuho also raised its target to $128 but maintained a Neutral rating on Intel.