Goldman Sachs has started covering Intel with a Neutral rating. Analyst James Schneider initiated coverage on June 25 with a Neutral rating and a $150 price target, implying roughly 13% upside from the stock’s recent trading range of $132 to $133.
The stock has more than tripled in 2026, riding the broader semiconductor wave and surging AI demand. Goldman’s take is that most of that good news is already baked into the price.
Server CPUs and foundry ambitions
Goldman Sachs pointed to genuinely positive demand trends in the server CPU market as a tailwind for Intel’s core business. The firm also flagged potential growth in Intel’s foundry operations, which have been a central pillar of the company’s strategic overhaul.
Goldman’s positioning here essentially argues that investors should respect what Intel has accomplished without chasing the rally further. The firm noted that competitors like AMD, Nvidia, and Broadcom offer more attractive risk-reward profiles for those looking to play the semiconductor and AI themes.
