Intel stock price forecast suggests 5% potential upside in the

Intel stock price forecast suggests 5% potential upside in the next 90 days, as short interest declined to 1.6% of float, indicating reduced bearish bets on the stock. The stock is soaring because the robust demand in cloud infrastructure will grow its total revenue by 16% in fiscal 2026 on a constant-currency basis, indicating accelerating growth. This justifies the stock's high P/E multiple. AI is creating a more sticky relationship with Oracle's cloud database customers, setting up excellent return prospects for investors. Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. Intel stock price forecast shows modest upside in H2 2024, as Q1 earnings beat consensus with $0.23 EPS versus $0.20 expected. Market sentiment is supported by stronger data center demand, pushing analyst average target to $42, about 8% above current levels. Investors are closely tracking AI-driven chip orders.