HSBC Intel · INTC

HSBC Raises Intel Price Target to $100

Analyst: Frank Lee 1 min read Reproduced verbatim
Rating
Buy
Target
$100
from $95 (+5%)
Outcome
Reached
on May 5, 2026
HSBC and Intel logos

What the analyst said

HSBC analyst Frank Lee raised the price target on Intel (NASDAQ: INTC) to $100.00 (from $95.00) while maintaining a Buy rating.

“We believe the magnitude of Intel 2Q26e guidance beat supports our thesis, highlighted in our upgrade note (21 April), that server CPU upside would to start to manifest starting from 2Q26e.

We also highlighted that the server CPU upside potential remains undervalued by the market, as we expect overall 2026/27e server CPU shipments to grow 20%/21% y-o-y, driven by the rise of agentic AI.

We also believe the market has been underestimating Intel’s CPU ASP upside as well as its ability to re-allocate its own foundry capacity to unlock further CPU unit growth, considering a CPU shortage environment that we expect to persist until 2027e.

Hence, our 2026e/27 DCAI revenue estimates of USD23.2bn/USD29.4bn are now 17%/31% above consensus estimates of USD19.9bn/USD22.4bn.

Our 2026/27e GM of 41.3%/45.0% are also above consensus of 37.2%/41.3%.”

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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 $59.97. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $100 target is 11% above the median.

Since the note INTC has moved −10% (from $66.78). 12-month window: day 192 of 365, closes on April 24, 2027.

Track record

This call✓ Target reached on May 5, 2026, 11 days after the note.

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 →

Earnings reactionOne of 22 notes after Intel’s Apr 23 results: 20 raised · 0 cut · 0 kept. See every call →

HSBC on Intel

HSBC price targets on Intel

8 calls from July 25, 2025 to July 24, 2026. The target went from $21.25 to $200 (+841%). The rating moved from Hold to Buy.

HSBC targetINTC share price
  1. July 24, 2026Kept the $200 targetBuy$200
  2. July 2, 2026Target raised from $100 (+100%)Buy$200
  3. April 24, 2026 This noteTarget raised from $95 (+5%)Buy$100
  4. April 21, 2026Kept the $95 targetBuy$95
  5. April 21, 2026Upgraded to Buy, target raised from $50 (+90%)Buy$95
  6. January 20, 2026Upgraded to Hold, target raised from $24 (+108%)Hold$50
  7. October 8, 2025Downgraded to Sell, target raised from $21.25 (+13%)Sell$24
  8. July 25, 2025Earliest call shownHold$21.25
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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.