An HSBC semiconductor analyst doubles Intel’s price target, citing foundry customer commitments and advanced packaging technology.
HSBC semiconductor analyst Frank Lee raised his price target for Intel ($INTC) to $200 from $100, maintaining a buy rating. The new target is $100 above the average Wall Street analyst valuation and marks the most bullish forecast among major banks.
Lee previously held a reduce rating with a $24 target in late 2025, citing skepticism over Intel’s foundry business. He now includes the foundry in his model, driven by increased customer engagement from companies like Apple, Alphabet, Nvidia, Microsoft, and Amazon.
The analyst highlighted Intel’s EMIB advanced packaging technology as a key advantage, potentially taking market share from competitors facing capacity constraints. Lee described the opportunity as “too good to ignore.”