UBS Reaffirms Neutral on Intel, $23 Price Target
- Rating
- Neutral
- Unchanged
- Target
- $23
- Downside
- −75%
- INTC at $93.85 today
What the analyst said
UBS analyst Timothy Arcuri reiterated a Neutral rating and $23 price target on Intel (NASDAQ: INTC).
“With this report, we add to our fab construction monitor INTC’s Ohio complex – also known as the Silicon Heartland.
Recall that in early 2022, as part of its efforts to accelerate IDM 2.0 strategy, INTC announced plans to invest $28B+ in New Albany, Ohio to build two new leading-edge fabs.
After a two-year stalemate since the ground- breaking ceremony (in late 2022), it now appears to us that construction is underway with further site preparation activity currently ongoing.
As show in Figure 1INTC’s Ohiofabs -KeyMilstone (Ja205), trees/foliage clearance is near completion and early plumbing/electricity work has begun while the majority of phases have advanced to the mid-stage.
We think that, from this point onward, INTC is unlikely to pause construction mid-way until at least roofing activity is completed.”
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Where the price stands
INTC trades at $93.85. The 11 analysts who set a target in the last 3 months range from $85 to $165, with a median of $112. This $23 target is 79% below the median, the lowest on the Street.
Since the note INTC has moved +337% (from $21.49). The 12-month window closed on January 21, 2026.
Track record
Firm track recordUBS: 85% of its 33 targets at least a year old were reached within 12 months (#11 of 18 firms). Accuracy ranking →
UBS on Intel
UBS price targets on Intel
8 calls from January 21, 2025 to October 6, 2025. The target went from $23 to $40 (+74%). The rating stayed Hold.
- October 6, 2025Target raised from $35 (+14%)Hold$40
- September 19, 2025Target raised from $25 (+40%)Hold$35
- August 19, 2025Kept the $25 targetHold$25
- July 14, 2025Target raised from $21 (+19%)Hold$25
- July 3, 2025Target cut from $22 (−5%)Hold$21
- April 14, 2025Target cut from $23 (−4%)Hold$22
- April 4, 2025Kept the $23 targetHold$23
- January 21, 2025 This noteEarliest call shownHold$23
