HSBC Raises Intel Price Target Amid Strong Earnings and Server Processor Demand
HSBC upgraded Intel's stock to 'buy' and raised its price target from $50 to $95, citing strong demand for server processors. Intel's Q1 revenue of $13.58 billion and EPS of $0.29 exceeded expectations, but analyst sentiment remains divided. The move highlights growing optimism about Intel's near-term outlook.
Topics: Analyst Upgrade Earnings HSBC Intel Semiconductor Sector