Goldman Sachs Lowers Intel Price Target to $18
- Rating
- Sell
- Target
- $18
- from $19 (−5%)
- Outcome
- Missed
- within 12 months
What the analyst said
Goldman Sachs analyst Toshiya Hari lowered the price target on Intel (NASDAQ: INTC) to $18 (from $19) while maintaining a Sell rating.
“Intel beat 4Q24 Street consensus but guided 1Q25 revenue to decline 14% qoq at the mid-point (5% below Street consensus), citing potential weakness across all major segments, and non-GAAP gross margin to 36.0% (i.e., lowest in the past 25 years excluding 3Q24 [18.0%] during which an impairment charge was included in non-GAAP results).
While we appreciated management’s candor on the earnings call with respect to its ongoing challenges, we remain cautious on the stock and believe Intel will need to demonstrate market/wallet share stabilization in the Data Center business and/or a sustained improvement in profitability for long-term investors to engage in the stock.
Reflecting near-term weakness in CCG and DCAI, we reduce our 2025/26 revenue and non-GAAP (excl. SBC) estimates, on average, by 3% and 17%, respectively.”
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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 $18 target is 84% below the median, the lowest on the Street.
Since the note INTC has moved +360% (from $20.01). The 12-month window closed on January 31, 2026.
Track record
This call✗ Not reached within 12 months: a year after the note INTC closed at $48.81, 171% above the $18 target, and it moved the other way.
Firm track recordGoldman Sachs: 81% of its 27 targets at least a year old were reached within 12 months (#15 of 21 firms). Accuracy ranking →
Goldman Sachs on Intel
Goldman Sachs price targets on Intel
2 calls from January 31, 2025 to June 25, 2026. The target went from $18 to $150 (+733%). The rating moved from Sell to Hold.
- June 25, 2026Upgraded to Hold, target raised from $18 (+733%)Hold$150
- January 31, 2025 This noteEarliest call shownSell$18
