Intel has reported one of the most surprising earnings beats in the semiconductor sector this year, with revenue reaching $13.58 billion and earnings exceeding $12.32 billion. However, some analysts remain skeptical about the company's future in the industry. HSBC upgraded Intel to buy from hold and raised its price target to $95 from $50, nearly doubling it in a single move. The upgrade was driven by rising demand for server processors, which analyst Frank Lee now sees as more important to Intel's near-term outlook than its foundry ambitions. JPMorgan resets its S&P 500 price target for the rest of 2026. Morgan Stanley analyst Joseph Moore raised his Intel price target from $41 to $56, citing stronger server demand and higher expected earnings. While Bank of America's Vivek Arya reiterated an underperform rating on Intel, Arya also raised his 2026 EPS estimate by $04 and his 27 estimate by 39% to $1.58, citing lower-thanexpected yields and lack of major external wafer nodes as reasons to stay cautious.