Mizuho Reiterates Neutral on Intel, $128 PT

Mizuho analyst Siti Panigrahi reiterated a Neutral rating and $128.00 price target on Intel (NASDAQ: INTC).

“We hosted INTC’s Head of IR John Pitzer for an investor meeting.

Key takeaways: 1) we believe INTC could be supply constrained through 2027E as Server CPU and Agentic AI proliferate while increasing memory costs could strain PC demand in 2H26E; 2) we see potential catalysts for INTC Foundry as Advanced Packaging EMIB-T traction grows, with add’l tailwinds in External Wafers and ASICs; 3) we believe INTC is targeting Foundry GM and OM at 40%/30% L-T; and 4) we believe 18A, 14A yields improving with Coral Rapids (18A) in 2028E potentially regaining Server CPU leadership as INTC ramps dual/single-threading roadmaps.

Reiterate Neutral, $128PT.”

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.

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.