JPMorgan Analyst Raises Intel Stock Price Target Amid Strong Earnings
Intel (INTC) has seen a significant upgrade in its stock price target from JPMorgan analyst Harlan Sur, who raised it to $85 from $45 following the company's strong second-quarter earnings. The increase reflects growing confidence in Intel’s turnaround under CEO Lip-Bu Tan and robust demand for data center solutions driven by AI infrastructure needs. Intel reported Q2 revenue of $16.1 billion, exceeding guidance with a 59% year-over-year jump in data center sales. CFO David Zinsner highlighted that the segment's operating profit doubled to $2.5 billion due to improved margins and cost control. The company now forecasts third-quarter sales between $15.8 billion and $16.8 billion, well above analyst expectations. Despite maintaining a 'Sell' rating on INTC stock, Sur’s move signals broader optimism about Intel's long-term earnings potential. Institutional investors are paying close attention as the semiconductor sector continues to evolve with increased demand for processing power in enterprise computing.
Tickers: $INTC
Topics: data center demand earnings report Intel stock price target