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Intel (INTC) PT Raised to $35 at JPMorgan

January 23, 2026 6:16 AM EST

JPMorgan analyst Harlan Sur raised the price target on Intel (NASDAQ: INTC) to $35.00 (from $30.00) while maintaining a Underweight rating.

The analyst comments "Results were stronger than expected, but guidance landed well short of expectations - both primarily a function of burgeoning server CPU demand, offset to varying degrees by Intels inability to fully service this demand due to a lack of available internal wafer capacity. Wafer supply should begin to improve in Q2 as Intel transitions CCG wafers to DCAI and continues to drive yield improvements, but this will still likely... More