As Intel Corp. (NASDAQ: The price of INTC shares) showed continued growth in June, Frank Lee, Wall Street analyst at HSBC Holdings plc (NYSE: Price HSBC), reiterated his bullish outlook for the next 12 months.
Lee maintained a Buy rating on Intel stock price in a note to clients on Thursday, July 2, researched by Finbold on July 3. The Wall Street analyst raised his 12-month target on Intel’s stock price from $100 to $200, representing a 100% increase.
According to HSBC’s note, the biggest increase in Intel property the price is mainly due to the firm now including the Intel Foundry in its first calculation. The expert cited the growth of foreign clients and improving the efficiency of acquisitions as the main reasons.
Lee also raised his Intel server CPU growth forecast, raising the 2026 estimate to 25% per year from 20%, and the 2027 estimate to 30% per year from 20%. The analyst indicated that his 2027 DCAI revenue of $33 billion is about 20% above the Wall Street consensus.
He additionally he realized that Intel’s 18A technology is ahead of internal targets, strengthening confidence in the company’s ability to map itself. Lee confirmed that Intel has the opportunity to deliver good results in 2026 and 2027, led by the implementation of internal capabilities and accelerated customer commitment that is expected to begin in the second half of 2026.
Intel stock price prediction and performance
Following a notable increase in Lee’s 12-month Intel price forecast, the average price target of 38 Wall Street analysts was $101.09 at press time, according to data from TipTanks.
Wall Street analysts may be wary of Intel stock, perhaps because of its growing presence among its competitors. Some of Intel’s top competitors include Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corp. (NASDAQ: NVDA).
Year-to-date (YTD), Intel’s share price is up 205%, trading at around $120.35 at press time. Accordingly, Lee believes that INTC’s stock could rise 66%, while the Wall Street analyst suggests a 16% downside.
