What the analyst said

Freedom Broker analyst Egor Tolmachev downgraded Intel (NASDAQ: INTC) from Buy to Hold with a price target of $90 (from $100).

“Intel’s Q1 FY26 print marks a credible inflection in the “new Intel” thesis under Lip-Bu Tan, with a material beat across revenue, gross margin, and EPS, and — for the first time in several quarters — forward guidance that reinforces rather than undercuts the operational narrative.

Demand continues to run ahead of supply across every business, while the structural mix shift toward AI-driven revenue (now ~60% of the total, up ~40% y/y) provides both a coherent growth story and tangible commercial proof points.

DCAI was the standout, anchored by the multi-year Google CPU/ASIC agreement, the NVIDIA DGX Rubin host-CPU win, and the SambaNova collaboration.

The Foundry story is becoming more believable: 18A yields are tracking ahead of plan, 14A early signals are encouraging, and advanced packaging has been re-scaled from a “hundreds of millions” to a multi-billion-dollar opportunity, while the Terafab partnership with SpaceX, xAI, and Tesla — alongside credible speculation around Apple — adds meaningful optionality.

There are still substantial execution risks to this story, but we believe that most of expected tailwinds to materialize in the coming quarters.

We downgrade INTC to Hold and lower our price target to $90.”

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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 1 of 365, closes on October 30, 2027.

Track record

This call✓ Target reached on October 30, 2026, 0 days after the note.

Firm track recordToo early to score Freedom Broker: price targets are 12-month calls and fewer than 5 of its targets are a year old. 11 of its 24 open targets have already been reached. How we score

Earnings reactionOne of 24 notes after Intel’s Oct 29 results: 0 raised · 19 cut · 2 kept. See every call →

Freedom Broker on Intel

Freedom Broker price targets on Intel

3 calls from April 28, 2026 to October 30, 2026. The target went from $100 to $90 (−10%). The rating moved from Buy to Hold.

Freedom Broker targetINTC share price
  1. October 30, 2026 This noteDowngraded to Hold, target cut from $100 (−10%)Hold$90
  2. April 28, 2026Kept the $100 targetBuy$100
  3. April 28, 2026Earliest call shownBuy$100
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Other analysts on Intel

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 Piper SandlerHold Cut price target −18%, kept rating Oct 30 $90from $110 DA DavidsonHold Cut price target −30%, kept rating Oct 30 $70from $100
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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.