12:10 PM EDT, 05/12/2026 (MT Newswires) -- (Updated to include Deutsche Bank's email)

Deutsche Bank raised its price target on Intel (INTC) to $100 from $63, citing growing traction in Intel Foundry partnerships, including reported talks with Apple (AAPL) and SK Hynix.

Apple foundry deals will endorse the viability of Intel's production technology, analysts Ross Seymore and DJ Sebastian wrote in a Tuesday note, adding that even the production of a part of Apple's M-series chips can add around $2 billion in annual foundry revenue and accelerate the company's path to profitability.

Intel has an average rating of Hold and mean price target of $92.60, according to analysts polled by FactSet.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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