Intel Update
Intel (NASDAQ: INTC) received an upgrade from KeyBanc Capital Markets analyst John Vinh on Tuesday, raising its price target to $60, driven by a significant demand for its server CPUs. Currently trading at around $47 per share, Intel has seen its stock surge nearly 150% over the past year.
The company’s server CPU business is nearing a sell-out for 2026 due to high demand from hyperscalers, with potential plans to increase average selling prices by 10% to 15%. Additionally, Intel is making strides in its foundry business, with potential contracts from Apple for its upcoming chip production, which could substantially boost revenue and credibility.
Long-term, Intel’s transition to its advanced manufacturing processes is expected to enhance its market position. Analysts foresee that if the current demand trends persist, Intel’s stock could surpass the $60 mark by the end of the year.
