Baird Intel · INTC

Baird Lowers Intel Price Target to $20

Analyst: Tristan Gerra 1 min read Reproduced verbatim
Rating
Neutral
Target
$20
from $25 (−20%)
Outcome
Reached
on January 30, 2025
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What the analyst said

Baird analyst Tristan Gerra lowered the price target on Intel (NASDAQ: INTC) to $20 (from $25) while maintaining a Neutral rating.

“Management believes part of the 4Q upside was driven by customers managing inventories ahead of potential tariffs.

Intel expects to lose market share in PCs notably against ARM this year before an expected share rebound in 2026, and expects stabilizing share in data center this year.

2025 gross capex outlook is now $20B, at the low end of the prior range, while Intel is not yet providing a FCF forecast for 2025. Neutral-rated.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

INTC trades at $92.07. The 12 analysts who set a target in the last 3 months range from $85 to $165, with a median of $111. This $20 target is 82% below the median, the lowest on the Street.

Since the note INTC has moved +366% (from $19.75). The 12-month window closed on January 30, 2026.

Track record

This call✓ Target reached on January 30, 2025, 0 days after the note.

Firm track recordBaird: 95% of its 21 targets at least a year old were reached within 12 months (#1 of 21 firms); on Intel, 3 of 3. Accuracy ranking →

Baird on Intel

Baird price targets on Intel

7 calls from January 30, 2025 to July 24, 2026. The target went from $20 to $125 (+525%). The rating stayed Hold.

Baird targetINTC share price
  1. July 24, 2026Target raised from $75 (+67%)Hold$125
  2. April 24, 2026Target raised from $50 (+50%)Hold$75
  3. January 23, 2026Target raised from $40 (+25%)Hold$50
  4. October 24, 2025Target raised from $20 (+100%)Hold$40
  5. April 14, 2025Kept the $20 targetHold$20
  6. February 12, 2025Kept the $20 targetHold$20
  7. January 30, 2025 This noteEarliest call shownHold$20
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Other analysts on Intel

BernsteinHold Kept rating and price target Oct 29 $110maintained StoneXBuy Kept rating and price target Oct 27 $140maintained NeedhamHold Kept rating Oct 27 New Street ResearchBuy Upgraded Oct 26 $125 RBC CapitalHold Kept rating and price target Oct 25 $100maintained
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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.