Susquehanna raised its price target on Intel to $115 from $80. This change occurred on July 16, 2026. Intel's second-quarter earnings report is scheduled for July 23. The firm expects strong results in the server CPU segment. It also anticipates growing momentum in Intel's foundry services, especially in advanced packaging.
Susquehanna maintains a "Neutral" rating on Intel stock. This rating comes despite a positive outlook on servers. The analyst forecasts a weaker PC market in the second half of the year. This is driven by deteriorating memory dynamics. Intel's shares declined in premarket trading on the day of the announcement, despite the significant price target increase.