Intel Stock Just Got a New Street-High Price Target. Should You Buy INTC Here?

Core Viewpoint - Intel's shares increased over 7% following an upgrade to "Overweight" by KeyBanc Capital Markets, which set a price target of $60 due to significant progress in manufacturing and AI-driven chip sales [1] Group 1: Financial Performance - In Q3 of 2025, Intel reported revenue of $13.7 billion and gross margins of 40%, both exceeding estimates [4] Group 2: Market Demand and Supply - Intel is experiencing strong demand for data center server CPUs, with supply chain checks indicating that the company is "almost sold out for the year" due to high demand from Big Tech for AI workloads [2] - Server demand has shown unexpected strength as hyperscale customers are refreshing their installed base after focusing on AI infrastructure [5] - Intel is facing supply constraints in both its PC and server businesses, particularly with Intel 10 and Intel 7 manufacturing nodes, limiting its ability to meet customer demand [6] Group 3: Strategic Developments - A potential key catalyst for Intel's growth is a rumored manufacturing deal with Apple, where Intel is expected to produce low-end PC chips using its next-generation 18A-P process, marking a significant win for its foundry business [3] - Intel's shares have risen nearly 150% over the past year, indicating investor confidence in the company's manufacturing revival [4]