Intel (NASDAQ: INTC): Strong Q1 Performance and Jefferies Price Target Hike Signal Bullish Outlook

Font: Financial Modeling Prep  • Apr 24, 2026

• Jefferies raised its price target for Intel (NASDAQ: INTC) to $80.00, suggesting a 19.80% potential upside for the semiconductor giant.
• Intel reported robust first-quarter revenue of $13.58 billion, significantly surpassing analyst forecasts.
• The chipmaker achieved an impressive earnings per share (EPS) of $0.29, driven by strong demand for Xeon server CPUs and AI-driven businesses.

Intel (NASDAQ: INTC) is a major company in the semiconductor industry, known for designing and manufacturing computer processors. It competes with firms like AMD and NVIDIA. On April 24, 2026, analyst firm Jefferies increased its price target for Intel to $80.00 from a previous target of $60.00.

At the time of the new target, Intel's stock price was $66.78. The new $80.00 price target from Jefferies represents a potential upside of approximately 19.80%. This optimism follows a period of strong performance for the chipmaker, which saw its stock soar in after-hours trading.

This confidence is supported by the company's recent financial results. As highlighted by Finbold, Intel reported first-quarter revenue of $13.58 billion, a 7.20% increase from the prior year. This figure significantly beat the analyst forecast of $12.42 billion, showing the company is growing faster than expected.

The company's profitability was even more impressive. Intel’s earnings per share (EPS), a measure of profit per share of stock, came in at $0.29. This result far exceeded the analyst expectation of only $0.01, showing a strong bottom-line performance that caught the market's attention.

As highlighted by Gurufocus.com, this growth is fueled by high demand for its Xeon server CPUs. The company's AI-driven businesses now represent 60.00% of its revenue, having grown 40.00% year-over-year. This signals a successful focus on high-growth technology sectors.