Piper Sandler Lowers Intel Price Target to $90
- Rating
- Neutral
- Target
- $90
- from $110 (−18%)
- Upside
- +37%
- INTC at $65.76 today
What the analyst said
Piper Sandler analyst David O’Connor lowered the price target on Intel (NASDAQ: INTC) to $90 (from $110) while maintaining a Neutral rating.
“A FQ3 beat of 37% on EPS, but a quite disappointing FQ4 guide with revenues missing cons by 10% and EPS a 44% miss vs cons.
To blame was Israel fab issue and PC demand taking a step down late in FQ3, with co now flagging PC unit market -10% in 2027.
That said Datacenter CPU server strength continues, driven by Agentic AI and co now seeing a 2030 TAM of $200B, similar to peers.
Following results we cut FY27 EPS 18% and lower our FY30 P/E based multiple with a $90 PT. Remain Neutral.
The disappointing FQ4 guide and 4pt miss on GM, has taken some air out of the debate/trajectory.
With PC derisked and Datacenter fully loaded for 2027, stock performance from here hinges on foundry announcements for 14A, of which we expect to hear more in Q1’27.”
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Where the price stands
INTC trades at $65.76. The 26 analysts who set a target in the last 3 months range from $70 to $165, with a median of $90. This $90 target is in line with 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 recordPiper Sandler: 86% of its 29 targets at least a year old were reached within 12 months (#11 of 21 firms). Accuracy ranking →
Piper Sandler on Intel
Piper Sandler price targets on Intel
2 calls from September 10, 2026 to October 30, 2026. The target went from $110 to $90 (−18%). The rating stayed Hold.
- October 30, 2026 This noteTarget cut from $110 (−18%)Hold$90
- September 10, 2026Earliest call shownHold$110
Other analysts on Intel
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
DA DavidsonHold
Cut price target −30%, kept rating · Oct 30
$70from $100