HSBC Doubles Intel Target to $200 as AI Server and Foundry Bets Deepen

3 articles · Updated · Barchart · Jul 7

HSBC raised Intel's price target 100% to $200 — the highest on Wall Street — and kept a Buy rating, arguing the market still underprices gains in server CPUs and foundry services.
$24.1 billion in 2026 Data Center & AI revenue and $33 billion in 2027 underpin that view, with HSBC lifting its 2026 server CPU shipment growth forecast to 25% and 2027 to 30%.
Intel's foundry case strengthened enough for HSBC to add it to its valuation model for the first time, citing demand for alternative chip manufacturing and advanced packaging; wider EMIB adoption alone could add 23% to 2028 EPS.
Intel's latest results support the turnaround narrative: Q1 revenue rose 7% to $13.6 billion, non-GAAP EPS more than doubled to $0.29, and gross margin reached 41.0%.
At about $108, Intel shares are up roughly 478% from a $18.97 52-week low but still 23% below their $142.35 high, while trading near 190 times forward earnings — far above typical semiconductor valuations.

Sources

Left50%

Center25%

Right25%

Barchart1d ago

HSBC Issues Street-High $200 Price Target for Intel Stock

AD HOC NEWS1d ago

Intel's Seven-Day Sell-Off Exposes Multiple Fault Lines: AMD Overtakes in Data Center, Foundry Profi

intellectia.ai10h ago

HSBC Raises Intel Price Target to $200, Highlights Growth Potential | Intellectia.AI

11 Sources

Is Intel's stock surge a true AI revival, or a bubble built on a risky and unproven foundry business?

With rivals AMD and Nvidia gaining ground, can Intel's turnaround strategy outpace its current market share losses?

HSBC Doubles Intel Price Target to $200: Inside the Turnaround, Foundry Bet, and Market Surge of 2026

Overview

HSBC made headlines by doubling its price target for Intel to $200, the highest on Wall Street, and reaffirming its 'Buy' rating. This bold move was driven by HSBC analysts recognizing new value in Intel's server and foundry operations. The upgrade immediately put Intel in the spotlight, sparking strong investor interest and a notable market reaction. Intel's stock quickly became a focus, especially as it outperformed rivals like AMD and NVIDIA. The excitement centers on Intel's potential to sustain higher stock levels, fueled by optimism about its server CPU growth and the growing importance of its foundry business.

...