Investment bank Piper Sandler rates Intel 'neutral' with a $110 price target, but expects the company to achieve 'high teens' annual revenue growth through 2030. This growth is anticipated to be fueled by increasing demand for server CPUs in AI data centers. Intel reportedly has a server CPU order backlog of over six months and plans to increase server CPU prices by 10% next month. Bank of America projects the server CPU total addressable market (TAM) to grow nearly fivefold between 2025 and 2030, exceeding $170 billion by the end of the decade. Based on these projections, Intel's revenue could approach $100 billion by 2030, potentially boosting its market cap to $900 billion, a 65% increase from current levels.