BofA Securities: 'INTC well positioned to address $380B CY30 foundry TAM'

BofA Securities analyst Vivek Arya reiterated a Buy rating and $145.00 price target on Intel (NASDAQ: INTC).

The analyst comments "Over time, we expect INTC to potentially address ~8-10% of ~$380bn CY30 wafer foundry TAM, as well as ~25-30% of ~$20bn 2.5D/3D packaging TAM (see Exhibit 1), resulting in EPS power of $6+. Meanwhile, INTC server ASPs increased +43% YoY to record ~$1.2k levels (per Mercury 2Q26 data), with potential to maintain double-digit unit/ASP growth through CY30 on potential TAM expansion toward ~$220bn from ~$60bn today. upside to INTC’s own ASP and margins over time. We also see continued INTC margin expansion (~38-40%+ OpM) on Products ASP increases and Foundry operational efficiency (incl. OpM breakeven by end of CY27, barring new customer wins)."

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $97.71 yesterday.

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