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Intel Rises 1.8% After HSBC Raises Price Target to $200, Wall Street's Highest

2026-07-02 14:22:25

According to HSBC analyst Frank Lee, Intel stock rose 1.8% on July 2 after the bank raised its price target to $200, the highest on Wall Street. Frank Lee expressed increased optimism about Intel's foundry business, noting it is "now too significant to ignore" due to growing partnerships with external customers. Server CPU growth remains a key driver for Intel's earnings in fiscal 2026/27, with the company positioned to benefit from internal foundry capacity reallocation.

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