Intel Stock Forecasted to Double to $200 within Two Years

Analyst Ben Reitzes at Melius Research believes Intel's stock could nearly double to $200 within two years. The firm has a Buy rating on Intel with a price target of $165 per share, but Reitzes thinks the company's shares could reach as high as $200 by 2028.

Reitzes points out that Intel's prospective foundry agreements with Apple and other major players could drive this surge. He highlights the company's 14A chip manufacturing process node, used to build high-performance semiconductors, as a key factor in their potential success.

The analyst suggests that if these agreements are finalized and Intel's server CPU pricing and agentic CPU attach remain strong, product earnings could exceed $4. This would lead to a significant increase in the company's stock price, potentially reaching $200 within two years.