Bank of America Intel · INTC

BofA Upgrades Intel to Neutral, $25 Price Target

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Neutral
from Underperform
Target
$25
from $19 (+32%)
Outcome
Reached
on March 17, 2025
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What the analyst said

BofA Securities analyst Vivek Arya upgraded Intel (NASDAQ: INTC) from Underperform to Neutral with a price target of $25 (from $19).

“We upgrade INTC stock to Neutral from Underperform and raise our PO to $25 from $19 on 28x CY26E P/E versus 21x prior (implies 2.4x CY26 EV/S, within INTC’s historical 1.6x-3.5x range).

We really like the new CEO appointment (effective Mar-18) given LipBu’s: 1) solid track record of success at Cadence Design Systems (CDNS) (32x stock appreciation versus SOX 16x), 2) his company knowledge based on prior stint on INTC’s board, 3) his breadth of relationships and investments across the US/Asian semi-industry landscape as Chairman of Walden Intl., a venture capital firm.

The upside potential however is balanced against risks from a lack of AI roadmap and increasing competition from ARM-based PC and server CPU rivals, amidst a tough macro environment.”

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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 $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 $25 target is 72% below the median, the lowest on the Street.

Since the note INTC has moved +211% (from $20.68). The 12-month window closed on March 13, 2026.

Track record

This call✓ Target reached on March 17, 2025, 4 days after the note.

Firm track recordBank of America: 86% of its 37 targets at least a year old were reached within 12 months (#10 of 21 firms); on Intel, 4 of 4. Accuracy ranking →

Bank of America on Intel

Bank of America price targets on Intel

8 calls from January 31, 2025 to January 23, 2026. The target went from $19 to $40 (+111%). The rating stayed Sell.

Bank of America targetINTC share price
  1. January 23, 2026Target raised from $34 (+18%)Sell$40
  2. October 13, 2025Downgraded to Sell, target raised from $25 (+36%)Sell$34
  3. July 23, 2025Kept the $25 targetHold$25
  4. April 14, 2025Kept the $25 targetHold$25
  5. April 1, 2025Kept the $25 targetHold$25
  6. March 13, 2025 This noteUpgraded to Hold, target raised from $19 (+32%)Hold$25
  7. February 18, 2025Kept the $19 targetSell$19
  8. January 31, 2025Earliest call shownSell$19
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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.