TD Cowen analyst Joshua Buchalter has maintained their neutral stance on INTC stock, giving a Hold rating yesterday.
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Joshua Buchalter has given his Hold rating due to a combination of factors that present both opportunities and challenges for Intel. The recent quarter showed promising results with revenue gains from Windows 11 upgrades and server strength, alongside improved earnings per share due to higher gross margins and lower operating expenses. However, despite these positive short-term results, there are significant headwinds anticipated for 2026, including margin pressures from a larger share of lower-margin products and the deconsolidation of Altera.
Looking further ahead, while Intel’s partnership with NVIDIA and increased confidence in their 14A process are encouraging signs, these positives seem to be already reflected in the stock’s current price. The stock is trading at a high multiple of future earnings estimates, suggesting that much needs to go right for the optimistic scenarios to materialize. Therefore, while there are potential growth drivers, the uncertainties and challenges lead to a cautious Hold rating.
Buchalter covers the Technology sector, focusing on stocks such as Marvell, Advanced Micro Devices, and Broadcom. According to TipRanks, Buchalter has an average return of 15.0% and a 58.67% success rate on recommended stocks.
In another report released yesterday, Mizuho Securities also maintained a Hold rating on the stock with a $41.00 price target.