Intel received an analyst upgrade with a price target of $60, driven by strong demand for server CPUs and progress in the foundry business. Shares have surged 150% in the past year. Demand for server CPUs is high, with Intel nearly sold out for 2026. The company is also making advancements with newer manufacturing technologies.

Apple is considering using Intel for its processors, potentially generating significant revenue. Winning Apple as a foundry customer would boost Intel’s credibility and revenue. Intel’s first product using the new manufacturing process has garnered positive reviews. The company is poised to secure major foundry contracts, driving stock growth.

Intel’s stock could exceed $60 as the server CPU business thrives, and the foundry business gains momentum. While Intel’s turnaround will take time, positive developments could propel the stock higher. Long-term investors may find Intel stock appealing, with potential in both the server CPU and foundry businesses.

Read more at Nasdaq: The Intel Turnaround No One Saw Coming: Sold-Out Server CPUs and Apple Knocking at the Door