Intel spent most of 2023 and 2024 as one of the most beaten-down chip stocks on Wall Street. Frank Lee, an HSBC semiconductor analyst, was among the skeptics. In late 2025 he had the company on reduce with a $24 price target and a straightforward message: time to bail out.

On July 2, Lee published a $200 target. That is not a typo. Lee doubled his price target on Intel ($INTC) from $100 to $200, keeping a buy rating he initiated in April, Investing.com reported. His new call sits roughly $100 above where the average analyst on Wall Street has Intel valued. It is the most bullish forecast for the stock among major banks.

Why Frank Lee just changed his mind about Intel Foundry

Lee was the first to…