Intel Upgraded by Seaport and HSBC Amidst PC Recovery and AI Server Demand
Intel Corporation received upgrades from Seaport and HSBC, with Seaport raising its rating to Buy and targeting a price of $65, citing a recovery in PC demand and promising advancements in Panther Lake processors. HSBC upgraded Intel from Reduce to Hold, increasing its target price from $26 to $50, and projecting a 15-20% growth in server CPU shipments by 2026, driven by AI demand. Both firms noted improved revenue estimates and a more positive outlook despite ongoing uncertainties in Intel's foundry business.
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Intel Corporation received upgrades from Seaport and HSBC analysts. Seaport raised its rating to Buy with a target price of $65, citing recovery signals in PCs and initial manufacturing progress. The Panther Lake processors are expected to enhance gains this year.
HSBC upgraded Intel from Reduce to Hold and raised its target price from $26 to $50, projecting a 15-20% growth in server CPU shipments by 2026 driven by AI demand. The bank increased its data center revenue estimate for 2026 to $19.8 billion, highlighting higher volumes and improved pricing. Despite uncertainty in Intel's foundry business, increased customer engagement and advanced packaging opportunities offer a more positive outlook.
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