Intel Corporation is trading up approximately 4% at $23.29 following a significant and rare double upgrade from Bank of America analysts on June 11, 2026. The firm's rating was lifted two notches to 'Buy' from 'Underperform'.
- Bank of America also raised its price target on the stock to $135 from a previous $96. [2, 3]
- Analysts led by Vivek Arya cited higher confidence in Intel's opportunity to address industry constraints in leading-edge wafers and packaging. [2, 3]
- The BofA team sees Intel's potential earnings power reaching over $6 per share by 2030, a significant increase from their prior estimate of $3-4. [2, 3]