Trading expert sets date when Intel stock will hit $110

A trading expert is projecting that Intel (NASDAQ: INTC)  is on track to reach a $110 record high in the coming months based on long-term technical projections.

Notably, Intel stock has seen massive growth in recent days, with the equity closing at a record high on Friday at $82, up 23% for the day.

The rally accelerated after the company’s Q1 2026 results triggered a sharp re-rating in the stock.

The move pushed the stock well beyond its pre-earnings range in the mid-$60s and marked one of its strongest single-day performances in years, reflecting renewed confidence in its AI and foundry strategy.

Now, according to analysis by TradingShot in a TradingView post on April 24, the breakout above the August 2000 all-time high and the rapid move past the previously identified $69 target confirmed a structural shift in trend.

Price action is now aligned with a long-term bullish megaphone pattern that has been developing since the 2008 financial crisis, characterized by expanding highs and lows. 

Within this structure, the current leg higher points toward the 1.382 Fibonacci extension near $110, a level that also aligns with the upper boundary of the pattern.

Intel stock price next target

The outlook suggests a non-linear path, with the recent surge likely extending toward the $100–$110 range before a correction. 

A pullback is projected near $57, where the 0.786 Fibonacci level and the rising 50-month moving average provide support. 

The confirmed breakout, strong volume, and improving fundamentals support a move toward $110 by mid-2027, with volatility along the way.

Fundamentally, the bullish technical outlook is supported by improving performance. Revenue rose to $13.6 billion in Q1, beating expectations, while non-GAAP earnings per share surged to $0.29, far exceeding forecasts.

Growth was led by the data center and AI segment, which climbed 22% year-on-year, reinforcing the company’s positioning in high-demand computing markets. Guidance for Q2 also came in above consensus, pointing to sustained momentum.