Mizuho Intel · INTC

Mizuho Lowers Intel Price Target to $20

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Neutral
Target
$20
from $21 (−5%)
Downside
−69%
INTC at $64.34 today
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What the analyst said

Mizuho analyst Vijay Rakesh lowered the price target on Intel (NASDAQ: INTC) to $20 (from $21) while maintaining a Neutral rating.

“INTC reported a good DecQ and guided to a softer MarQ at $12.2B (cons. $12.8B).

Key to note: 1) MarQ guided down ~15% q/q with CCG and DCAI down equally, 2) AI roadmap falling further behind, pushed out to 2027 w/Jaguar Shores (cons AI revs AMD ~$10–12B, NVDA ~$182B), 3) DecQ GMs 42.1% and MarQ down 620bps q/q to 36% with 2025E pressured by external foundry, and 4) DC challenges with soft roadmap for Granite Rapids, and Clearwater Forest launch in 1H26E uncertain.Maintaining Neutral, Lower Ests/PT to $20 (prior $21).

We believe INTC continues to see challenges in the PC/Server market, as we note positives from CHIPS Act/SCIP offsetting higher capex payments as it starts to ramp 18A with Panther Lake and searches for new leadership.”

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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 $64.34. The 27 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 +222% (from $20.01). The 12-month window closed on January 31, 2026.

Track record

Firm track recordMizuho: 93% of its 61 targets at least a year old were reached within 12 months (#2 of 21 firms); on Intel, 6 of 6. Accuracy ranking →

Mizuho on Intel

Mizuho price targets on Intel

8 calls from January 10, 2025 to January 23, 2026. The target went from $21 to $48 (+129%). The rating stayed Hold.

Mizuho targetINTC share price
  1. January 23, 2026Target raised from $41 (+17%)Hold$48
  2. October 24, 2025Target raised from $39 (+5%)Hold$41
  3. October 13, 2025Target raised from $23 (+70%)Hold$39
  4. July 2, 2025Target raised from $22 (+5%)Hold$23
  5. April 25, 2025Target cut from $23 (−4%)Hold$22
  6. February 24, 2025Target raised from $20 (+15%)Hold$23
  7. January 31, 2025 This noteTarget cut from $21 (−5%)Hold$20
  8. January 10, 2025Earliest call shownHold$21
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Other analysts on Intel

BarclaysHold Cut price target −25%, kept rating Nov 2 $75from $100 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
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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.