BofA Downgrades Intel to Neutral, $100 Price Target
- Rating
- Neutral
- from Buy
- Target
- $100
- from $145 (−31%)
- Upside
- +9%
- INTC at $92.07 today
What the analyst said
BofA Securities analyst Vivek Arya downgraded Intel (NASDAQ: INTC) from Buy to Neutral with a price target of $100 (from $145).
“We downgrade INTC to Neutral from Buy.
In our view, the stock has not communicated enough traction with external foundry customers, while its data center strength is offset by a surprisingly sharp drop in PC shipments (down 25-30% QoQ in Q4, further inventory correction expected in 1H27).
Data center CPU is doing well in a rising agentic tide, but faces a tight supply (substrate) environment, and products are not yet technically competitive against AMD/ARM-based rivals that are growing 2x-4x faster.
On the positive side, we acknowledge INTC’s longer-term ability to develop a competitive domestic foundry with any signs of traction potentially driving a recovery in a relatively under-owned stock.”
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Where the price stands
INTC trades at $92.07. The 18 analysts who set a target in the last 3 months range from $83 to $165, with a median of $110. This $100 target is 9% below the median.
12-month window: day 0 of 365, closes on October 30, 2027.
Track record
This callOpen: a 12-month target, scored on October 30, 2027, a year after the note.
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 23, 2026 to October 30, 2026. The target went from $40 to $100 (+150%). The rating moved from Sell to Hold.
- October 30, 2026 This noteDowngraded to Hold, target cut from $160 (−38%)Hold$100
- July 24, 2026Kept the $160 targetBuy$160
- June 23, 2026Target raised from $135 (+19%)Buy$160
- June 11, 2026Kept the $135 targetBuy$135
- June 11, 2026Upgraded to Buy, target raised from $56 (+141%)Buy$135
- April 24, 2026Target raised from $40 (+40%)Sell$56
- January 23, 2026Kept the $40 targetSell$40
- January 23, 2026Earliest call shownSell$40
