Intel (INTC) inventory has acquired new upgrades for its forecast by Wall Road, as its newest earnings report looms on April 23. Shares rose on Tuesday after its inventory acquired two separate analyst upgrades. Intel acquired upgrades from BNP Paribas (to Impartial, $60 goal) and HSBC (to Purchase, $95 goal), sparking the pre-earnings rally.
Shares of Intel are up 86% year-to-date, among the finest performers on the US market. Robust demand for server CPUs from AI hyperscalers is a key catalyst, which has pushed the most recent INTC inventory forecast upgrades. BNP Paribas analyst David O’Connor upgraded Intel inventory, suggesting the rise of AI brokers is including to an already monumental urge for food for Intel’s CPU chips. “Agentic AI is driving very robust demand for server CPUs with hyperscalers scrambling to safe provide,” O’Connor mentioned in a analysis observe.
HSBC additionally upgraded Intel from Maintain to Purchase, elevating the corporate’s worth goal from $50 to $95. HSBC believes the server CPU enterprise is the important thing near-term catalyst to drive earnings upside, and that it isn’t priced in. “We count on the server CPU scarcity to increase into 2027, which ought to drive server CPU shipments progress of 20% y-o-y within the 2027 estimate,” mentioned analyst Frank Lee in a observe to buyers.
Intel (INTC) was positioned beneath new management final 12 months and remains to be in a transitional part. Intel’s foundry enterprise remains to be essentially the most constructive factor concerning the firm. Moreover, its investments in new AI-focused corporations present promise and will assist gas income and positive aspects for Intel. Intel’s collaboration with CrowdStrike is pivotal for integrating AI safety into its PC platforms, emphasizing the significance of AI workload safety.
Intel is about to report Q1 2026 earnings on April 23, with expectations of $12.38 billion in gross sales and a penny per share in earnings per share. Analysts mission a powerful efficiency primarily based on current tendencies and the way properly Intel has outperformed Nvidia and different rivals in 2026.
