Intel jumps again as post-earnings momentum builds on upbeat guidance and new targets
Intel shares are higher on April 29, 2026 as investors continue to reprice the stock after Intel’s Q1 2026 earnings beat and raised outlook. The move is being reinforced by fresh analyst target increases issued after the print, keeping momentum in the name.
1) What’s moving the stock today
Intel (INTC) is trading higher on Wednesday, April 29, 2026, extending a sharp post-earnings re-rating that began after the company’s April 23, 2026 Q1 2026 results beat expectations and management guided above prior Street assumptions. With the stock already in a momentum regime after the earnings surprise, incremental follow-through buying has been supported by analyst target revisions issued in the days immediately after the report, which has helped keep sentiment constructive.
2) The catalyst: Q1 beat and an upbeat outlook
Intel reported Q1 2026 results on April 23, 2026, delivering non-GAAP EPS of $0.29 on revenue of $13.58 billion, a combination that forced investors to reassess near-term earnings power and the pace of the turnaround narrative. In the same update, Intel provided forward commentary and guidance that markets interpreted as stronger-than-feared, helping drive a multi-day squeeze higher that is still echoing into today’s session.
3) Why it’s still climbing days later
In the wake of the earnings reset, several research desks have lifted price targets, creating a stream of incremental bullish headlines that can prolong upside volatility even after the initial gap. One widely-circulated move was UBS lifting its Intel price target to $83 from $65 while reiterating a Neutral stance, underscoring that even non-bullish ratings have been forced to mark up valuation frameworks after the report.