Intel (NASDAQ:INTC) Stock Price Target Lowered at Citigroup

Posted by Geri Gentry on Oct 31st, 2026

Intel (NASDAQ:INTC – Free Report) had its price target reduced by Citigroup from $130.00 to $100.00 in a report released on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the chip maker’s stock.

INTC has been the topic of several other research reports. Stifel Nicolaus set a $90.00 price objective on Intel in a research note on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Intel in a research report on Friday. Mizuho lifted their target price on Intel from $92.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Evercore reissued an “outperform” rating and set a $133.00 target price on shares of Intel in a report on Friday. Finally, Northland Securities set a $93.00 price target on Intel in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $97.86.

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Intel Stock Down 28.6%

Intel stock opened at $65.76 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The company’s 50-day moving average is $101.10 and its 200-day moving average is $86.36. The firm has a market capitalization of $331.69 billion, a PE ratio of -27.29, a P/E/G ratio of 9.78 and a beta of 2.22. Intel has a fifty-two week low of $32.89 and a fifty-two week high of $142.35.

Intel (NASDAQ:INTC – Get Free Report) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same period last year, the business posted $0.23 EPS. Intel’s revenue was up 20.9% on a year-over-year basis. Sell-side analysts anticipate that Intel will post 1.05 earnings per share for the current year.

Insider Transactions at Intel

In related news, CEO Lip Bu Tan acquired 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intel

Large investors have recently made changes to their positions in the company. Southern Financial Group LLC boosted its holdings in shares of Intel by 0.6% during the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker’s stock worth $632,000 after buying an additional 90 shares in the last quarter. Harrell Investment Partners LLC increased its stake in shares of Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker’s stock valued at $3,250,000 after acquiring an additional 100 shares in the last quarter. TFR Capital LLC. increased its stake in shares of Intel by 0.4% in the 2nd quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker’s stock valued at $3,720,000 after acquiring an additional 100 shares in the last quarter. Walker Asset Management LLC lifted its position in shares of Intel by 1.9% during the 3rd quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker’s stock valued at $653,000 after acquiring an additional 100 shares during the period. Finally, Wynn Capital LLC lifted its position in shares of Intel by 0.4% during the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker’s stock valued at $3,793,000 after acquiring an additional 104 shares during the period. Institutional investors own 64.53% of the company’s stock.

Key Intel News

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Company Profile

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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.