Susquehanna Raises Intel Price Target 23% to $80 on AI CPU Demand
Susquehanna raised Intel’s price target by 23% to $80, citing insatiable demand for server CPUs driven by agentic AI workloads and data center growth. The upgrade reflects expectations of Q1 results meeting or exceeding forecasts as Q2 supply constraints ease and 14A foundry engagements with SpaceX and Tesla accelerate.
1. Analyst Boosts Price Target to $80
Analysts raised Intel’s price target by 23%, from $65 to $80, reflecting strong confidence in the company’s ability to meet accelerating processor demand.
2. Insatiable Server CPU Demand
Demand for Intel’s server CPUs is described as insatiable, driven by growing agentic AI workloads and expanding data center infrastructure needs.
3. Supply Constraints Expected to Ease
While Q1 supply constraints may limit production, they are projected to ease in Q2, supporting forecasts of Q1 results in line with or slightly above expectations.
4. Foundry Partnerships Expand
Intel’s foundry segment sees active engagements on its 14A process, with notable partnerships including SpaceX and Tesla’s Terafab project, enhancing future revenue prospects.