TD Cowen Intel · INTC

TD Cowen Reiterates Hold on Intel, $50 Price Target

Analyst: Joshua Buchalter 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$50
Outcome
Reached
on January 21, 2026
TD Cowen and Intel logos

What the analyst said

TD Cowen analyst Joshua Buchalter reiterated a Hold rating and $50.00 price target on Intel (NASDAQ: INTC).

“Dream Is Still Alive, But Back To Reality Here/ Now; In-line print and disappointing guide dampen the ultra-bullish narrative that has driven the stock of late.

The rally had been largely driven by “the dream” rather than the near-term reality or fundamentals, in our view.

Difficult to see how that should materially change in one quarter given the positive commentary on foundry/14A. We remain skeptical but still too early to fully count Intel out.

Our F2026/F2027 estimates come down on lower margins and more tepid revenue expectations. We maintain our Hold rating and $50 PT, or ~60x P/E or 4.7x EV/S on our F2027 estimates.”

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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 $60.65. The 27 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $50 target is 44% below the median, the lowest on the Street.

Since the note INTC has moved +12% (from $54.32). 12-month window: day 284 of 365, closes on January 23, 2027.

Track record

This call✓ Target reached on January 21, 2026, 5 days after the note. Same target as this firm’s January 16, 2026 note, so it is scored there.

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 18 notes after Intel’s Jan 22 results: 12 raised · 2 cut · 3 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, 2026 This noteKept the $50 targetHold$50
  4. January 23, 2026Kept the $50 targetHold$50
  5. January 16, 2026Target raised from $38 (+32%)$50
  6. October 24, 2025Target 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.