INTC Stock Sees Price Target Hikes On Q2 Beat, But Analysts Say Key Foundry Catalyst 'Has Not Yet Arrived'

Intel's Q2 earnings beat led to price target hikes from analysts.

Stifel described the quarter as 'a large, demand-led beat' but maintained a Hold rating.

Analysts noted that a key foundry catalyst 'has not yet arrived' for Intel.

Stifel believes much of Intel's recovery is already reflected in the stock price.