Intel Corp. (INTC) Soars to New Record High as Analyst Posts Bullish Outlook

We recently published 10 Stocks Leaving Wall Street in the Dust; 4 Hit Fresh Records. Intel Corporation (NASDAQ:INTC) was one of the top performers on Tuesday.

Intel Corp. soared to a nearly two-year high on Tuesday, as investors took path from an investment firm’s bullish outlook for its stock.

At intra-day trading, the stock jumped to its highest price of $48.24 before trimming gains to finish the session just up by 7.33 percent at $47.29 apiece.

In a market report, KeyBanc issued an “overweight” recommendation on shares of Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices Inc. on the back of stronger-than-expected data center demand and tighter memory supply in the semiconductor industry.

Having already sold out its server CPUs in 2026, Intel Corporation (NASDAQ:INTC) alone received a $60 price target from KeyBanc, marking a 27 percent upside potential from its latest closing price, due to a strong demand from hyperscalers which is already disrupting supply chains and pushing DRAM and NAND prices higher to as much as 10 to 15 percent.

Additionally, KeyBanc said that it also took into account the company’s improving manufacturing yields, noting that Intel’s 18A process is now more than 60 percent and good enough to ramp up Panther Lake.

After market close next Thursday, January 22, Intel Corporation (NASDAQ:INTC) is set to release the results of its earnings performance for the fourth quarter and full-year 2025. Investors will also closely watch out for the company’s business outlook for 2026.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.