Bank of America Intel · INTC

BofA Reaffirms Neutral on Intel, $25 Price Target

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Neutral
Unchanged
Target
$25
Outcome
Reached
on March 17, 2025
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What the analyst said

BofA Securities analyst Vivek Arya reiterated a Neutral rating and $25 price target on Intel (NASDAQ: INTC).

“Intel hosted its annual Intel Vision event this week in Las Vegas, with its new CEO LipBu Tan speaking at the opening keynote, and Intel Products CEO Michelle Johnson Holthaus and Chief Commercial Officer Christoph Schell speaking at the Products Update.

Key highlights include: 1) new CEO tone generally more realistic and long-term focused, versus prior upbeat and overpromising mgmt. style; 2) new focus on reshaping the culture and bringing back talent which it has lost over the years; 3) INTC’s key operational and financial strategies remain generally unchanged, including running Products and Foundry like two separate business lines under one Intel umbrella; 4) there were no new incremental product/roadmap/foundry/financial updates; and 5) any material change/impact could take years to show any progress.

Overall, we believe Intel is heading toward the right direction, with an improved opportunity for a turnaround under Lip-Bu’s leadership.

However, there still remain many hurdles to overcome as a subscale IDM/foundry, with increasing competitive pressure on core x86 business (from AMD and ARM) amid quickly changing demand landscape in AI.

Maintain Neutral as upside turnaround potential is balanced by competitive pressures in CPUs and a lack of a competitive AI accelerator portfolio (Gaudi3 was only compared to H100 from 2022).”

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

Since the note INTC has moved +190% (from $22.71). The 12-month window closed on April 1, 2026.

Track record

This call✓ Target reached on March 17, 2025, 4 days after the note. Same target as this firm’s March 13, 2025 note, so it is scored there.

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, 2025 This noteKept the $25 targetHold$25
  6. March 13, 2025Upgraded 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

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.