HSBC Doubles Intel Price Target to $200

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โดย Insider Monkey·Read original
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HSBC doubled its price target on Intel from $100 to $200 while maintaining a Buy rating, making it the highest target on the Street. The upgrade reflects a stronger server CPU outlook and includes the company's foundry business. HSBC raised its 2026 shipment growth estimate to 25% from 20% and its 2027 estimate from 20% to 30%, with data center and AI revenue forecasts of $24.1 billion for 2026 and $33.0 billion for 2027, well above consensus. The firm called Intel's foundry business too good to ignore, positioning it as a credible TSMC alternative, and noted that Intel has already signed Terafab and Apple as customers while being in talks with Google and Nvidia.

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HSBC doubled price target to $200, highest on Street, citing stronger server CPU outlook and foundry business.

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