Susquehanna lifts Intel price target to $115 from $80 ahead of July 23 earnings
AI Market Summary
Susquehanna raised Intel's price target to 115 from 80 while keeping a Hold, citing stronger-than-expected Q2 server CPU demand and healthier PC builds ahead of Intel's July 23 earnings. After a sharp pullback amid a broader semiconductor selloff, the note reinforces near-term optimism into a key catalyst, while highlighting risk from memory-market weakness and elevated expectations embedded in post-earnings volatility pricing.
Impact level
● Medium
Affected assets
NCSKINTC2USD/USDT+1.81%
AI Insight · NCSKINTC2USD/USDTAI Insight
▲ Bullish
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Susquehanna raised its price target on Intel (INTC) to $115 from $80 while reiterating a “Hold” rating, citing stronger-than-expected Q2 server CPU demand and PC shipments. Intel is set to report Q2 results after the market closes on July 23, with Wall Street looking for EPS of $0.22 on revenue of $14.45 billion. The call follows Intel’s Q1 beat, when the company posted EPS of $0.29 versus expectations of $0.01. The pre-earnings upgrade is seen as a key catalyst for near-term moves in the stock, according to Susquehanna.
