HSBC raised its Intel price target to $200 on July 7, 2026. This update doubled the previous target of $100 while maintaining a Buy rating. The firm expects server CPU shipments to increase 25% in 2026. Shipment growth is forecast to reach 30% in 2027. Intel’s advanced packaging technology may also attract new high-performance chip customers.
Intel shares fell nearly 4% in premarket trading on July 7. This decline followed a broader investor retreat from large-cap tech stocks. Neutral analysts suggest the current valuation carries a sentiment premium for unprofitable foundry ambitions. These critics note the foundry division has yet to reach significant operational milestones. Intel will report its second-quarter results on July 23.