Piper Sandler cuts Intel price target to $90 on weak guidance

jp.investing.com (Japanese) —

Piper Sandler lowered its Intel price target from $110 to $90 on Thursday, maintaining a neutral rating after the company's weak fourth-quarter guidance missed consensus estimates despite strong third-quarter results. Intel beat its third-quarter expectations by 37%, but its Q4 guidance fell 10% short on revenue and 44% on earnings per share versus consensus. Analysts cited issues at Intel's Israel manufacturing facility and weak PC demand in late Q3 as contributing factors. Intel projects PC unit market declines of 10% by 2027, while its data center CPU business remains strong on agentic AI demand. The stock has surged 149% year-to-date but trades above fair value, according to InvestingPro analysis.


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