Intel’s Foundry Progress Sparks Wall Street Optimism Ahead of Earnings
Intel's stock is experiencing a resurgence after a brutal 60% collapse in 2024, as analysts upgrade ratings ahead of its fourth-quarter earnings report. The rebound reflects improved financial outlooks, growing foundry customer speculation, and political tailwinds from Donald Trump's 'America First' policies.
Citi and KeyBanc have raised their targets, with John Vinh citing strong demand and potential Apple deals. His $60 target suggests 24% upside from current levels. However, skepticism remains—the average target sits at $40.66, implying a 16% decline.