Intel shares could nearly double to $200 within two years, according to Melius Research analyst Ben Reitzes, who cited prospective foundry agreements with Apple and other major customers, Intel’s 14A process and stronger product earnings. Melius maintained its Buy rating and $165 price target. Reports that Intel is discussing U.S. memory-chip production with SK hynix have also supported sentiment, although no arrangement has been finalized. Intel shares rose 1.22% to $110.13 in Friday premarket trading, while Nasdaq futures gained 0.35% and S&P 500 futures slipped 0.12%. The stock traded above its 20-day and 200-day simple moving averages, but its 20-day average remained below the 50-day average, indicating lingering short-term weakness. Resistance was identified near $126.50 and support near $102.50. Intel carried a Hold consensus rating with an average price forecast of $112.74; Tigress Financial maintained Buy and raised its forecast to $145, while Piper Sandler initiated coverage at Neutral with a $110 forecast and Northland Capital Markets upgraded the stock to Outperform with a $120 forecast. Intel also had a 98.82 Benzinga Edge Momentum score and material exposure in three technology-focused ETFs.