INTC Stock Surges To 52-Week High Amid A Historic Winning Streak — What's The Street Saying?

• Koyfin data indicates that out of the 48 analysts covering the stock, nine have a rating of ‘Buy’ or higher on the stock, while 33 analysts have a ‘Hold’ rating. 
• Analyst Gus Richard cited Intel's deals with Nvidia, Tesla and Google for the price target boost. 
• Intel announced a partnership with SpaceX, xAI, and Tesla on silicon fabrication technology last week.

Intel Corp. (INTC) shares surged to a 52-week intraday high on Monday, even as the company was on track for a historic ninth-straight day of gains.

The stock surged to $65.65 earlier in the day, paring some gains after. However, INTC shares were up about 4% at the time of writing, on course for nine consecutive days of climbing higher—the best winning streak since Sept. 2023.

Intel has been in the spotlight, among retail investors and Wall Street alike, after the chipmaker announced a partnership with SpaceX, xAI, and Tesla Inc. (TSLA) on silicon fabrication technology last week. The deal makes Intel the central foundry for Elon Musk’s integrated AI, robotics, and space initiatives.

Street Consensus

Northland recently raised its price target on Intel to $92 from $54 and kept an ‘Outperform’ rating on the shares. This represents an upside potential of about 42% from its current trading price.

Analyst Gus Richard cited Intel's deals with Nvidia Corp. (NVDA), Tesla and Google, highlighting the company’s strategic importance as one of the three remaining leading logic chipmakers at a time when there is a shortage of leading-edge logic capacity and Taiwan is at risk of reunifying with China, potentially limiting access to Taiwan Semiconductor Manufacturing Company (TSM), the analyst said in a note to investors.

Last week, Jefferies raised its price target on the company to $60 from $45, and maintained a ‘Hold’ rating on the shares.

Koyfin data indicates that out of the 48 analysts covering the stock, nine have a rating of ‘Buy’ or higher on the stock, while 33 analysts have a ‘Hold’ rating.

INTC stock has surged more than 64% this year.

What’s Retail Saying?

Retail chatter around INTC stock was at ‘extremely high’ levels, surging more than 137% over 24 hours, according to Stocktwits data. Meanwhile, retail sentiment was in the ‘extremely bullish’ territory at the time of writing.

One user expressed their surprise at the company’s stock rising for nine consecutive days, adding that they were “expecting a breather.”

Another bullish user said that Intel’s partnership with Tesla and Google was giving it a boost. Last week, Intel also announced an expansion of its AI infrastructure collaboration with Google that included multiple generations of Xeon processors.

A third user said INTC stock was still undervalued, adding that any purchase below $100 was a good buy in the long term.

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