Here's Why HSBC Doubled The PT on Intel (INTC)
Here's Why HSBC Doubled The PT on Intel (INTC).
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Intel Corporation (NASDAQ: INTC ) ranks among the Best Stocks to Buy Now for High Returns . The stock has gained 5.14% over the past month despite the broader semiconductor sector sell-off. Analysts expect the company to grow its EPS by roughly 45%.
Recently, on July 6, HSBC doubled the price target on Intel Corporation (NASDAQ:INTC) from $100 to $200, while maintaining a Buy rating on the shares. After the increase, HSBC has the highest price target on the Street for INTC. The firm noted that the upgrade reflects a stronger server CPU outlook and also a valuation that includes the company's foundry business.
HSBC sees CPU growth as a key driver for earnings in 2026-27. The firm raised the 2026 shipment growth estimate to 25% from 20% and the 2027 estimate from 20% to 30%. Moreover, the firm's data center and AI revenue forecasts of $24.1 billion for 2026 and $33.0 billion for 2027 sit well above consensus.
In terms of foundry, HSBC called Intel's foundry business too good to ignore. The firm believes that it positions the company as a credible TSMC alternative given fabrication and packaging constraints elsewhere. HSBC highlighted that Intel has already signed Terafab and Apple as customers and is in talks with Google and Nvidia.
Intel Corporation (NASDAQ:INTC) is a semiconductor company specializing in computing & related end products and services through its CCG, DCAI, and Intel Foundry segments.
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