Mizuho Intel · INTC

Mizuho Lowers Intel Price Target to $22

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Neutral
Target
$22
from $23 (−4%)
Outcome
Reached
on May 12, 2025
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What the analyst said

Mizuho analyst Vijay Rakesh lowered the price target on Intel (NASDAQ: INTC) to $22 (from $23) while maintaining a Neutral rating.

“New CEO Lip-Bu Tan laid out his near-term plan to: 1) cut middle management bureaucracy (slightly below investors estimates of 20% cuts), targeting $17B F25E opex (prior $17.5B) and $16B F26E, 2) cutting capex $2B with potential CHIPs funding delays, 3) Focus on delivering leading edge Technology and Product Roadmap.

We believe: a) 18A/Panther Lake potentially pushed out to year-end (prior 2H25E), b) macro risks JunQ guide down 7% q/q, with DCAI worse than CCG and some 2H uncertainty, c) Good MarQ GMs with mix but JunQ GM down 270bps q/q to 36.5% with headwinds in Lunar Lake and 18A startup costs.”

Disclaimer
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 $59.97. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $22 target is 76% below the median, the lowest on the Street.

Since the note INTC has moved +179% (from $21.49). The 12-month window closed on April 25, 2026.

Track record

This call✓ Target reached on May 12, 2025, 17 days after the note.

Firm track recordMizuho: 88% of its 68 targets at least a year old were reached within 12 months (#2 of 26 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, 2025 This noteTarget cut from $23 (−4%)Hold$22
  6. February 24, 2025Target raised from $20 (+15%)Hold$23
  7. January 31, 2025Target 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.