Intel stock (NASDAQ: INTC) is on the back foot, as the semiconductor sector experienced a sell-off leading to a price slump. INTC fell nearly 17.30% in a month shedding close to 22 points. While the broader AI and semiconductor industry is on a slippery slope, Bank of America Securities analyst Vivek Arya upgraded his buy rating today, Thursday (June 11), estimating that the best entry point in INTC is now.

Also Read: 4 Reasons Why Micron Stock is Falling: What’s Behind the Dip?

What Is Intel Stock’s New Price Target?

Bank of America Securities analyst Vivek Arya upgraded Intel’s stock price target to $135. He wrote in a note to clients that the semiconductor giant has an upside potential of nearly 26%. Accumulating INTC at this range, or accumulating the dips if it plunges below the $100 level during the semiconductor sell-off, could be beneficial for traders who want to maximize their returns.

If the price prediction turns out to be accurate, an investment of $1,000 in Intel stock could turn into $1,260. That’s decent gains as the AI and semiconductor sector remains in the spotlight this year. A flurry of investments has been flowing from both retail and institutional funds to make the most of the growing sector. Several Wall Street firms have also upgraded their INTC forecasts, projecting double-digit gains.

However, many other strategists explain that Intel’s stock rally might not sustain long enough and remain skeptical of its prospects. The skepticism comes after INTC’s five-year performance has not met Wall Street’s expectations. The leading semiconductor giant has risen less than 50% in the last five years. Its price was mostly trading sideways from 2021 up until March 2026.

Only in Q2 this year, it kick-started a rally, going from $50 to a yearly high of $111. Therefore, Wall Street experts project that Intel stock could retrace in price after reaching the next target. INTC is mostly moving in tandem with the semiconductor rally, and not on its own strength.