Intel shares trade at $95.37, about 33% below their 52-week high of $142.35, after a $20 billion common stock offering, upsized from $15 billion to fund factory buildouts, and a broad chip selloff. The average analyst target is $118.05, implying about 23.8% upside, with 15 of 49 analysts rating Buy or Strong Buy and 32 at Hold. Melius Research's Ben Reitzes sees a path to $200 within two years, contingent on foundry customers for 14A and advanced packaging, and his 12-month target is $165. Second-quarter revenue rose 25.4% to $16.13 billion and non-GAAP EPS of $0.42 beat the $0.2175 consensus, but external foundry revenue was only $293 million and Intel Foundry lost $2.1 billion. The author leans cautiously positive but says a doubling depends on external foundry wins that Intel has not yet shown.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Intel Cratered Over The Last 90 Days: This Prominent Analyst Says It’s Going to Double
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