HSBC Intel · INTC

HSBC Upgrades Intel to Buy

Analyst: Frank Lee 1 min read Reproduced verbatim
Rating
Buy
from Hold
Target
$95
from $50 (+90%)
Outcome
Reached
on May 1, 2026
HSBC and Intel logos

What the analyst said

HSBC analyst Frank Lee upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $95.00 (from $50.00).

“Upgrade to Buy (from Hold), TP USD95 (from USD50) on core business alone: We move to a PE multiple-based valuation but deploy a SOTP valuation based on a 2027e target PE of 26x for the core business.

We do not include the foundry business in our valuation as external customer related uncertainty remains.

Our rounded TP of USD95 (from USD50) implies c45% upside and we upgrade our rating to Buy (from Hold) based on the core business valuation driven mainly from server CPU shipment growth and price hikes leading to significant upside earnings potential.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

INTC trades at $61.61. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $95 target is 6% above the median.

Since the note INTC has moved −6% (from $65.70). 12-month window: day 196 of 365, closes on April 21, 2027.

Track record

This call✓ Target reached on May 1, 2026, 10 days after the note. Same target as this firm’s April 21, 2026 note, so it is scored there.

Firm track recordHSBC: 60% of its 20 targets at least a year old were reached within 12 months (#24 of 26 firms); on Intel, 2 of 3. Accuracy ranking →

HSBC on Intel

HSBC price targets on Intel

8 calls from January 21, 2025 to April 24, 2026. The target went from $22 to $100 (+355%). The rating moved from Hold to Buy.

HSBC targetINTC share price
  1. April 24, 2026Target raised from $95 (+5%)Buy$100
  2. April 21, 2026Kept the $95 targetBuy$95
  3. April 21, 2026 This noteUpgraded to Buy, target raised from $50 (+90%)Buy$95
  4. January 20, 2026Upgraded to Hold, target raised from $24 (+108%)Hold$50
  5. October 8, 2025Downgraded to Sell, target raised from $21.25 (+13%)Sell$24
  6. July 25, 2025Target cut from $22 (−3%)Hold$21.25
  7. April 25, 2025Set a $22 targetHold$22
  8. January 21, 2025Earliest call shownHoldNo target
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Other analysts on Intel

BarclaysHold Cut price target −25%, kept rating Nov 2 $75from $100 Freedom BrokerHold Downgraded, cut price target −10% Oct 30 $90from $100 TD CowenHold Cut price target −21%, kept rating Oct 30 $75from $95 JP MorganHold Cut price target −6%, kept rating Oct 30 $80from $85 RBC CapitalHold Cut price target −25%, kept rating Oct 30 $75from $100
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.