Intel Soars as Deutsche Bank Lifts Price Target to $30 After Bold Balance Sheet Moves

Intel (INTC, Financials) got another boost on Monday as Deutsche Bank raised its price target to $30 from $23, pointing to a series of bold financial and strategic moves.

Shares are trading at about $35.50, just shy of a 52-week high of $36.30, after climbing roughly 40% in the past month. The stock is up more than 56% over the past six months.

Deutsche Bank analysts highlighted Intel's equity raises involving Nvidia and U.S. government support, its $7 billion in strategic investments from Nvidia and SoftBank, and the divestiture of Altera as key steps in strengthening the balance sheet while fueling its foundry ambitions.

The company is also reported to be in early talks with Apple and Taiwan Semiconductor on potential partnerships in chip manufacturing and design. Analysts noted that Intel's transformation strategy, backed by CEO Lip Bu Tan, is gaining traction even as valuation multiples now sit well above historical averages.

Other firms, including Seaport Global and Erste Group, recently upgraded Intel from Sell to Neutral, reflecting improving sentiment.

Intel shares closed up 4.4% Monday. Investors are watching for updates on the foundry business and any confirmation of new strategic partnerships as the next drivers for the stock.