TD Cowen Issues Pessimistic Forecast for Intel (NASDAQ:INTC) Stock Price

Posted by Stanley Muller on Oct 30th, 2026

Intel (NASDAQ:INTC – Get Free Report) had its price objective cut by equities researchers at TD Cowen from $95.00 to $75.00 in a report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the chip maker’s stock. TD Cowen‘s price objective would suggest a potential upside of 15.61% from the company’s previous close.

Several other equities research analysts have also recently weighed in on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Tuesday. Evercore reaffirmed an “outperform” rating and issued a $133.00 target price on shares of Intel in a research report on Friday. Mizuho increased their price target on shares of Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Roth Capital cut shares of Intel from a “buy” rating to a “neutral” rating and lowered their price target for the company from $120.00 to $70.00 in a research report on Friday. Finally, UBS Group cut shares of Intel from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $99.28.

Check Out Our Latest Report on INTC

Intel Trading Down 29.5%

Shares of NASDAQ:INTC traded down $27.20 on Friday, hitting $64.87. The company had a trading volume of 368,820,941 shares, compared to its average volume of 116,680,164. The firm’s 50-day simple moving average is $101.63 and its two-hundred day simple moving average is $86.25. The firm has a market capitalization of $327.21 billion, a price-to-earnings ratio of -30.76, a P/E/G ratio of 10.14 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel has a 1 year low of $32.89 and a 1 year high of $142.35.

Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s revenue was up 20.9% on a year-over-year basis. Equities analysts anticipate that Intel will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. State Street Corp increased its stake in Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after acquiring an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Intel in the 2nd quarter worth approximately $10,507,291,000. Amundi raised its holdings in Intel by 14.9% during the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after buying an additional 5,045,936 shares during the period. Bank of America Corp DE lifted its position in Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Intel by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock worth $1,354,832,000 after buying an additional 112,054 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Key Intel News

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel reported third-quarter adjusted EPS of $0.52, ahead of the $0.41 consensus estimate, while revenue rose 21% year over year to $16.51 billion. Data Center and AI revenue increased 78% to $7.3 billion, and Intel Foundry revenue grew 58%. Intel Surpasses Q3 Earnings Estimates on Robust Data Center Demand
Positive Sentiment: Intel agreed to acquire Israeli quantum-software startup Classiq Technologies for approximately $2.3 billion, targeting a full-stack quantum-computing business. The transaction is expected to close in the first half of 2027, although it adds to concerns about near-term spending. Intel Agreed to Buy Israeli Startup Classiq Technologies
Neutral Sentiment: KGI Securities upgraded Intel to “outperform” with a $95 price target, but most recent analyst actions were more cautious. Wall Street’s targets remain materially above the current trading level, indicating potential upside if Intel executes its turnaround.
Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of $0.25, well below analysts’ expectations of roughly $17.3 billion in revenue and $0.45 EPS. Management said the PC slowdown arrived sooner and was deeper than expected and could continue through at least the first half of 2027. Intel Shares Tumble on Lower Profit, Weak Guidance
Negative Sentiment: AI-related demand is consuming chip capacity needed for PCs, while memory, wafer and substrate shortages are increasing costs and pushing PC prices higher. Investors are concerned that stronger server growth will not offset weakness in Client Computing, where revenue fell 5% in the third quarter.
Negative Sentiment: A blast at Intel’s Israel facility is expected to reduce revenue by about $600 million, with the ultimate insurance and production impact still uncertain. Analysts including Bank of America, Wells Fargo, DA Davidson, Truist and Roth Capital lowered targets or moved to neutral/hold ratings, citing weaker demand, manufacturing constraints, heavy investment and possible negative free cash flow. Intel Warning Sparks Chip Rout as PC Weakness Clouds Turnaround

About Intel

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Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.