Observed Signal · Sep 16, 2026 · Earnings Report · Source: CNBC Investing · Impact: 4/5 · Sentiment: Positive
Intel could hit $200 per share in two years, says Melius analyst
Melius Research analyst Ben Reitzes has set a buy rating on Intel with a $165 price target, implying about 70% upside from the previous close, but sees the stock reaching as high as $200 per share within two years. Reitzes bases his bullish outlook on potential foundry agreements with Apple, Tesla, and another hyperscaler, and strong server CPU pricing and AI PC mix that could drive product earnings above $4. He also notes a Reuters report that Intel is considering a deal to help SK Hynix manufacture memory chips in the U.S., potentially leasing part of its Ohio facility. Intel shares have gained roughly 300% over the past 12 months, and the stock was up more than 4% on the day. The analyst's view contrasts with consensus, as only 15 of 50 analysts rate it a buy.
Major tech company stock analysis with significant market impact.
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Key Takeaways & Evidence Grounding
- Melius Research has a buy rating on Intel with a $165 price target, implying ~70% upside.
- Analyst Ben Reitzes sees Intel trading as high as $200 per share in the next two years.
- Intel could rally on foundry agreements with Apple, Tesla, and another hyperscaler, per analyst.
- Reuters reported Intel is considering a deal to help SK Hynix manufacture memory chips in the U.S.
- Intel shares have gained about 300% over the past 12 months.
Connected Companies & Entities
5 Entities mapped“Intel is leading chip gains. A top analyst sees the stock hitting $200 in two years.”
“according to Melius Research.”
“the company could be set to rally on foundry agreements with Apple and other prominent names”
“If 14A takes on high-volume manufacturing in 2028 with Apple, Tesla and one other hyperscaler committed”
“Reuters reported Wednesday that Intel is considering a deal to help SK Hynix manufacture its memory chips in the U.S.”
Ontology Mapping & Concepts
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Jim Cramer: Intel Could Rise About 40%
On June 30, 2026 Jim Cramer told CNBC that Wall Street is shifting its AI trade away from hyperscaler tech giants toward the companies supplying AI infrastructure. He said markets are "rewarding tech companies with products in high demand and punishing their customers," noting that the Magnificent Seven collectively lost roughly $2.3 trillion in market value in June as investors questioned hyperscalers' heavy AI spending. Cramer identified memory and chip suppliers — Micron, Sandisk, Intel, Marvell Technology and AMD — as some of the quarter’s biggest winners and singled out Intel as his new favorite, crediting CEO Lip‑Bu Tan. He also said Nvidia, while a key AI compute supplier, has become a laggard amid concerns about custom chip competition. Cramer’s Investing Club Charitable Trust holds Intel shares.
Jim Cramer names Intel his No.1 stock, sees 63% upside
On June 12, 2026 during the CNBC Investing Club “Morning Meeting,” Jim Cramer said Intel is his No.1 stock and suggested the shares could rise to $200 — implying roughly 63% upside from then-current levels. Cramer described Intel as the strongest story in semiconductors, said its prospects have surpassed Nvidia, and credited CEO Lip‑Bu Tan for restoring confidence in the business and its foundry and CPU initiatives. The article notes Intel shares rallied after a double upgrade from Bank of America. The same episode also covered market context including the SpaceX IPO pricing and brief comments on stocks such as Linde, AMD, Arm, Williams‑Sonoma and Lennar.
Intel posts huge earnings beat; analysts remain mixed
Intel reported a significant second-quarter beat, delivering $0.42 non-GAAP EPS versus $0.21 expected and $16.1 billion in revenue, up 25% year-over-year. Shares rose in after-hours trading and are up about 172% year-to-date in 2026 as the company benefits from stronger demand for CPUs tied to the AI boom. Under CEO Lip‑Bu Tan, Intel is pushing its foundry strategy and reaffirmed production of its 14A and 18A process nodes, saying 18A output is roughly 25% above target and up over 50% quarter-over-quarter. Major Wall Street firms largely kept existing ratings: Wells Fargo (equal weight), Goldman Sachs (neutral), JPMorgan (underweight), Bank of America (buy) and Bernstein (market-perform), while raising various price targets.
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