Intel Stock Is Still A Turnaround Bet. Here’s What I See Ahead

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Under CEO Lip-Bu Tan, Intel (NASDAQ:INTC) has rebuilt itself around three assets: the x86 CPU franchise, advanced packaging and a U.S. wafer foundry network. That strategy paid off in the second quarter, when revenue rose 25.4% to $16.13 billion.

Tan called it “our strongest revenue growth in more than fifteen years.” Shares are up 204.55% year-to-date to $112.38, after an 84% gain in 2025. Here’s what I think it would take for Intel to reach $150 per share over the next year.

Analysts Are Cautious, but Their Estimates Keep Climbing

Wall Street’s average price target is $116.37, just 3.6% above today’s price. 32 analysts rate the stock a hold, while 14 rate it a buy.

The estimates look more bullish: analysts project $1.5203 in EPS for 2026 and $2.0621 for 2027, which works out to 36% growth. Just three months ago, the 2027 estimate stood at $1.5322.

Management says Intel has beaten its financial expectations for seven consecutive quarters, including Q2 non-GAAP EPS of $0.42 against a $0.2175 estimate. A run like that suggests results will likely beat forecasts.

Here’s What It Takes for Intel to Reach $150

At $112.38, Intel trades at about 54x estimated 2027 earnings. At $150, that would rise to roughly 73x. That’s a rich multiple.

Still, Intel’s PEG ratio of 0.501 points to growth that justifies a premium, and the highest 2027 estimate is $3.44. If Intel keeps beating, the effective multiple at $150 shrinks fast.

Several catalysts could push Intel to $150:

• Server demand exceeding supply: Data Center and AI revenue rose 59% to $6.26 billion at a 40% operating margin. CFO David Zinsner said, “Our outlook for server CPU demand has improved again since our last earnings report.”
• 18A execution: 18A output ran about 25% above target. NVIDIA (NASDAQ:NVDA), which invested $5B in Intel stock, chose Xeon 6 as the host CPU for its DGX Rubin NVL8 systems.
• Custom silicon: The ASIC business is nearing a $2 billion run rate, and management is aiming for $4 billion in a market it sizes at over $100 billion.
• Foundry progress: Foundry losses shrank by $348 million from the prior quarter, and Intel 14A PDK 0.9 was scheduled for October. A major external customer win would change the story.

Intel’s History Shows a 33% Gain Is Within Reach

Getting to $150 requires a 33% gain. Intel has beaten that in six calendar years since 2000: 107% in 2003, 34% in 2007, 44% in 2009, 44% in 2014, 95% in 2023 and 84% in 2025.

Shares hit $142.35 within the past 52 weeks, so $150 is only a little above levels the stock has already reached. Its beta of 2.23 means big moves can happen in either direction.

$150 Is a Stretch, but Here’s Why It’s Possible

(we reverse-engineered what the biggest tech winners looked like early in a free playbook you can get here: The Next Nvidia Playbook)

Reaching $150 means a 33% gain, well beyond Wall Street’s target. The bull case rests on rising estimates, a long beat run, server demand that tops supply and 18A yields tracking ahead of expectations.

Hurdles remain: Intel Foundry still loses about $2.1B a quarter, and shortages of wafers, substrates and memory could limit near-term growth.

Keep an eye on the third-quarter earnings report for updates on supply and 14A customers. Such gains won’t happen every year, but we’ve outlined the plan for how Intel could see outsized returns in 2027.

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