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Analyst predicts Intel stock could double despite recent 33% drop and rivals' gains.

Analyst Insights
16 Oct 2026
24/7 Wall Street
View Source
Bullish
Analyst predicts Intel stock could double despite recent 33% drop and rivals' gains.

Intel's stock has fallen 33% over the past 90 days, underperforming rivals AMD and NVIDIA, yet analyst Ben Reitzes of Melius Research forecasts a potential doubling to $200 within two years. This bullish outlook hinges on Intel's foundry business growth, including new customers like Tesla using advanced 14A chip technology, supported by government funding and improved factory utilization. While consensus price targets average around $118, Reitzes' optimistic case depends on Intel overcoming current losses in its foundry segment and capital spending challenges. Investors should watch for foundry customer expansion and margin improvements to validate this high-upside scenario.

Intel shares are trading at USD 93.85 on Pluang, down 1.59% as of Oct 16, 2026 19:51 WIB, well below its 52-week high of USD 140.94. Meanwhile, Tesla, a key customer in Intel's foundry business, is up 3.09% at USD 373.65. This snapshot highlights the current market positioning of Intel and its partners amid ongoing strategic developments.

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