TD Cowen Intel · INTC

TD Cowen Raises Intel Price Target to $38

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Hold
Target
$38
from $35 (+9%)
Outcome
Reached
on November 4, 2025
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What the analyst said

TD Cowen analyst Joshua Buchalter raised the price target on Intel (NASDAQ: INTC) to $38 (from $35) while maintaining a Hold rating.

“A Comparatively Clean Quarter With Lots Of Work Still To Do; A refreshingly clean set of results and guidance, with revenue benefitting from Windows 11 upgrades and server strength, while higher GM/lower OpEx helped EPS.

However, incremental GM headwinds for 2026 and deconsolidation of Altera take numbers lower again.

Headline positive, but a lot still needs to go right for the fundamentals to catch up with the stock narrative and price. Hold, PT to $38.”

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 $38 target is 58% below the median, the lowest on the Street.

Since the note INTC has moved +57% (from $38.16). The 12-month window closed on October 24, 2026.

Track record

This call✓ Target reached on November 4, 2025, 11 days after the note.

Firm track recordTD Cowen: 83% of its 35 targets at least a year old were reached within 12 months (#6 of 26 firms); on Intel, 2 of 2. Accuracy ranking →

Earnings reactionOne of 14 notes after Intel’s Oct 23 results: 12 raised · 0 cut · 2 kept. See every call →

TD Cowen on Intel

TD Cowen price targets on Intel

8 calls from January 31, 2025 to April 24, 2026. The target went from $20 to $75 (+275%). The rating stayed Hold.

TD Cowen targetINTC share price
  1. April 24, 2026Target raised from $60 (+25%)Hold$75
  2. April 10, 2026Target raised from $50 (+20%)Hold$60
  3. January 23, 2026Kept the $50 targetHold$50
  4. January 23, 2026Kept the $50 targetHold$50
  5. January 16, 2026Target raised from $38 (+32%)$50
  6. October 24, 2025 This noteTarget raised from $35 (+9%)Hold$38
  7. October 10, 2025Target raised from $20 (+75%)Hold$35
  8. January 31, 2025Earliest call shownHold$20
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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 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.