# Evercore ISI analyst Mark Lipacis upgraded Intel stock’s rating to Buy from Hold, lifting his price target to $111 (34.5% upside), up from just $45.

*semiconductor · news · 2026-04-25 · Markets Insider*

## Key points

- Evercore ISI's Mark Lipacis upgraded Intel's stock rating to Buy with a $111 target.
- Lipacis believes AI workloads now require more CPU power, reversing the usual CPU-to-GPU usage ratio.
- Intel's manufacturing roadmap is regaining credibility with the successful launch of Panther Lake on the 18A node.
- Intel's status as the only U.S.-based leading-edge chipmaker is attracting more government and corporate partnerships.
- Intel's foundry business saw a $2.4 billion improvement in operating losses, signaling real progress.

**Companies:** Intel, Nvidia, Tesla, AMD, ARM
**Countries:** United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/intel-stock-intc-gets-massive-146-target-hike-as-evercore-upgrades-stock-to-buy-here-s-why-1036062497)

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