HSBC Raises Intel's Price Target to $95 for 2026 Amid Strong Earnings and Server CPU 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 earnings exceeded expectations with revenue of $13.58 billion and EPS of $0.29. HSBC's forecast for Q2 revenue is $14.2 billion, 9% above consensus.
Topics: Analyst Upgrade HSBC Intel Price Target Semiconductor Sector Server Processors