Article

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.