Rosenblatt Intel · INTC

Rosenblatt Affirms Sell on Intel, $20 Price Target

Analyst: Hans Mosesmann 1 min read Reproduced verbatim
Rating
Sell
Unchanged
Target
$20
Outcome
Reached
on January 30, 2025
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What the analyst said

Rosenblatt analyst Hans Mosesmann reiterated a Sell rating and $20 price target on Intel (NASDAQ: INTC).

“Intel reports F4Q24 earnings on Thursday, January 30th, after market close.

We expect Intel to deliver an in-line December quarter (our/Consensus revenue estimates of $13.8B/$13.8B and Non-GAAP EPS of $0.12/$0.13) on PC demand that continues to be weak, limited data center sales, and continued share losses in both PC and Data Center.

We expect a slightly downward bias on the March quarter outlook (our/Consensus estimates of $13.0B/$12.9B and Non-GAAP EPS of $0.17/$0.10).

Given Intel’s business remains in flux, the company is on a trajectory of missing the current AI cycle, and faces steep competition and near-term margin headwinds, we continue to lack confidence in our out quarter estimates at this time.

With the company reassessing its business and searching for a new CEO, we see 2025/2026 as transitional for Intel.

We reiterate our Sell rating and $20 PT on share losses in PC/DC, sub-scale AI product road maps, and delayed ramps in next-generation process nodes in manufacturing.”

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Where the price stands

INTC trades at $65.76. The 26 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $20 target is 78% below the median, the lowest on the Street.

Since the note INTC has moved +232% (from $19.80). The 12-month window closed on January 29, 2026.

Track record

This call✓ Target reached on January 30, 2025, 1 day after the note.

Firm track recordRosenblatt: 73% of its 15 targets at least a year old were reached within 12 months (#18 of 21 firms); on Intel, 1 of 3. Accuracy ranking →

Rosenblatt on Intel

Rosenblatt price targets on Intel

8 calls from January 29, 2025 to April 24, 2026. The target went from $20 to $50 (+150%). The rating stayed Sell.

Rosenblatt targetINTC share price
  1. April 24, 2026Kept the $50 targetSell$50
  2. April 24, 2026Target raised from $30 (+67%)Sell$50
  3. January 23, 2026Kept the $30 targetSell$30
  4. January 23, 2026Target raised from $25 (+20%)Sell$30
  5. October 24, 2025Target raised from $14 (+79%)Sell$25
  6. April 25, 2025Target cut from $20 (−30%)Sell$14
  7. January 31, 2025Kept the $20 targetSell$20
  8. January 29, 2025 This noteEarliest call shownSell$20
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Other analysts on Intel

Freedom BrokerHold Downgraded, cut price target −10% Oct 30 $90from $100 TD CowenHold Cut price target −21%, kept rating Oct 30 $75from $95 JP MorganHold Cut price target −6%, kept rating Oct 30 $80from $85 RBC CapitalHold Cut price target −25%, kept rating Oct 30 $75from $100 Piper SandlerHold Cut price target −18%, kept rating Oct 30 $90from $110
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.