Intel’s Stock Takes a Hit as Analysts Cut Price Targets, Market Sentiment Remains Cautious

Shares of semiconductor giant Intel (INTC) dropped by 1.5% on Tuesday after Mizuho revised its price target down to $21.00 from $23.00, sending the stock to an intraday low of $18.75. Although it managed to recover slightly, reaching $18.81 by midday, trading volume was lower than usual, with 15.16 million shares exchanged compared to the typical 53.04 million in a normal session. As of the latest update, the stock was trading at $18.91.

Mizuho’s revision reflects a neutral stance on Intel, which has raised concerns among investors about the company’s future performance. Other analysts have also made adjustments to their projections. Northland Securities lowered its target from $42.00 to $28.00 but maintained an Outperform rating. Analysts at Needham & Company reiterated their “Hold” rating, while Robert W. Baird raised its target from $20.00 to $25.00, labeling the stock as “Neutral.”

Despite some cautious optimism, risks remain for Intel. Deutsche Bank downgraded the stock, reducing its target from $27.00, while Rosenblatt set a “Sell” rating and lowered its target from $17.00. MarketBeat reports that Intel currently holds an average rating of “Hold” with an average price target of $29.96, suggesting that the stock faces a challenging road ahead as analysts remain divided on its outlook.