Deutsche Bank significantly raises Intel's target price to $100 as analysts focus on foundry business progress
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Just a few weeks ago, on April 24, the bank raised Intel's target price from $45 to $63. According to MarketBeat data, within less than three weeks, Deutsche Bank has increased Intel's target price from $45 all the way up to $100. Seymour maintains the hold rating unchanged, which is a clear signal: Deutsche Bank acknowledges that Intel has considerable upside potential but does not yet believe its transformation is fully realized. FactSet data shows the average target price among analysts is $92.60, and Deutsche Bank's $100 target price is among the more optimistic tiers of Wall Street hold ratings. The main reason for this round of target price adjustment is not the Taylor factory project, Trump’s public endorsement, nor NVIDIA’s $5 billion investment, but rather Intel’s foundry business beginning to secure actual customers. Seymour’s research report notes that over the past month, the frequency of news about Intel foundry securing customer orders has “increased significantly.”
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