Intel Stock Price Surges on $100 Target After April 28 Buy Upgrade
Intel stock price got a sharper valuation call on April 28, when Freedom Broker upgraded Intel Corporation to Buy from Hold and lifted its price target to $100 from $25 after fiscal Q1 2026 results. The move followed a quarter that the firm called a “credible inflection in the “new Intel” thesis under Lip-Bu Tan.”
For shareholders, the shift reframes Intel from a stock that had to prove stability into one that now has to sustain it. Freedom Broker also said Intel’s fiscal Q1 2026 report and outlook brought “forward guidance that reinforces rather than undercuts the operational narrative.”
April 23 Revenue at $13.6 Billion
$13.6 billion in fiscal Q1 2026 revenue gave Freedom Broker the data point it needed to move. Intel reported that figure on April 23, and it was up 7% year over year, alongside a loss of $0.73 per share attributable to the company and non-GAAP EPS of $0.29. That mix gave the note a basis to argue the quarter marked a credible break from the prior setup.
$0.29 in non-GAAP EPS also mattered because the upgrade was tied to earnings strength across revenue, gross margin, and EPS, not just one line item. The firm’s case rested on the idea that Intel’s latest quarter was not a one-off beat, but a cleaner read on how the business is performing under Tan.
Freedom Broker Moves to $100
$100 is the new price target Freedom Broker put on Intel, a fourfold jump from $25. The change was paired with the Buy rating on April 28, a signal that the analyst now sees substantially more value in the stock after the earnings report than it did before the print.
$25 had been the previous target, so the revision does more than nudge expectations higher. It suggests the firm believes the market has room to re-rate Intel if the company keeps delivering the kind of quarter it just posted.
Q2 Outlook at $13.8 Billion
$13.8 billion to $14.8 billion is Intel’s fiscal Q2 2026 revenue range, and that forecast gave the upgrade another pillar. The company also expected fiscal Q2 2026 EPS attributable to the company of $0.08 and non-GAAP EPS of $0.20, which keeps the next quarter tied closely to execution rather than easy optimism.
$0.08 in expected EPS leaves little room for error, even with the stronger tone around the business. If Intel meets the top end of its revenue range, the stock will have to trade on proof that the April 23 report was the start of a more durable turn, not just a single quarter that looked better than the last one.
