JP Morgan Rates Intel (INTC) Neutral, $85 Price Target

JP Morgan raised its rating on Intel Corporation to Neutral on October 19, 2026, setting a price target of $85.

INTC Intel Corporation

$89.85 ▲ +128.16% year to date

1M 3M YTD

Daily close · Oct 16, 2026

JP Morgan's Call on Intel Corporation

On October 19, 2026, JP Morgan changed its stance on Intel Corporation by raising its rating to Neutral while keeping its price target steady at $85.00.

Other Institutional Activity in Intel Corporation

Other big investors adjusted their holdings in the chipmaker recently. Nvidia Corp held 214,776,632 shares worth about $19.3 billion. Softbank Group Corporation maintained its stake of 86,956,522 shares valued around $7.8 billion. Meanwhile, Primecap Management Company trimmed its position by 507,582 shares, ending with 75,250,958 shares worth about $6.8 billion, and Y-Intercept sold its entire stake of 146,980 shares.

Intel Corporation Stock Down 8.4%

Intel shares recently traded around $89.85, sitting close to their October 16 close of $89.85. The stock trades above its 200-day moving average of $84.29, though it remains well below its 52-week high of $142.35.

Recent Earnings

Intel reported trailing twelve-month revenue of $57.03 billion alongside an EPS of -$2.12. The company faces a net margin of -19.8% and a return on equity of -10.7%. Its next earnings report is scheduled for October 29, 2026.

Dividend

Intel Corporation currently pays no dividend, reporting a dividend payout ratio of 0.0% and a dividend yield of 0.0%.

Insider Buying and Selling at Intel Corporation

Company insiders made several notable trades earlier this year. Officer Boise April Miller sold 20,000 shares on February 2, 2026, at $49.05 for a total of $981,000, and later sold 40,256 shares on May 1, 2026, at $99.53 for $4.01 million. Chief Technology Officer Nagasubramaniyan Chandrasekaran sold 21,024 shares on May 29, 2026, at $118.28 for about $2.49 million. Chief Executive Officer Lip-Bu Tan bought 105,263 shares on August 11, 2026, at $95.00 for nearly $10.0 million.

Analysts Set New Price Targets

Wall Street firms have active views on the stock. On September 10, 2026, Piper Sandler initiated coverage with a Neutral rating and a $110.00 price target. Tigress Financial maintained a Buy rating on September 15, 2026, and lifted its target to $145.00 from $118.00. TD Cowen reiterated a Hold rating with a $115.00 target on September 24, 2026, and Mizuho maintained a Neutral rating with a $114.00 target on October 6, 2026. Across the street, the stock holds a consensus buy recommendation from 43 analysts with a mean price target of $118.05.

About Intel Corporation

Intel Corporation designs and manufactures computing and semiconductor products, operating through business units that span client computing, data centers, and contract chip manufacturing. The company is headquartered in Santa Clara, California, and employs over 85,000 people.

Bottom Line

Investors will look to Intel's upcoming earnings report on October 29, 2026, for fresh guidance on its foundry business and margin recovery. Monitoring how the stock holds relative to its moving averages will help clarify near-term momentum.