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Intel (INTC) Stock Soars 86% YTD, Receives Wall Street Upgrades Ahead of Earnings: Is Now the Time to Invest?
Intel (INTC) Stock Soars 86% YTD, Receives Wall Street Upgrades Ahead of Earnings: Is Now the Time to Invest?
Intel (INTC) shares surged Tuesday after receiving dual analyst upgrades from BNP Paribas and HSBC, sparking a pre-earnings rally as the chipmaker prepares to report quarterly results on April 23. BNP Paribas raised its rating to Neutral with a $60 price target while HSBC upgraded to Buy with a bullish $95 target, citing 'agentic AI' driving unprecedented demand for server CPUs among hyperscalers. The stock has skyrocketed 86% year-to-date, positioning Intel as one of the US market's top performers amid growing investor anticipation for Thursday's earnings release.