Intel Stock Could Rebound 41% as AI and Data Center Revenue Surges

Intel's stock has fallen 51% since early July, including a sharp drop after its October 29 third-quarter earnings report, but analysts see potential for a rebound, with a median 12-month price target of $88 implying 41% upside from current levels. The company reported a 21% revenue increase to $16.5 billion and a 126% jump in non-GAAP earnings per share to $0.52 in Q3, driven by a 78% surge in data center and AI revenue to $7.3 billion, offsetting a 5% decline in its client computing segment amid a weak PC market. Intel trades at 37 times forward earnings, and while Q4 guidance of $0.25 EPS fell short of consensus, it still represents 66% year-over-year growth. Analysts project full-year 2026 EPS growth of 254% to $1.49, with potential server CPU price hikes supporting further gains in 2027.