The downgrade from a low-accuracy firm is partially offset by strong insider buying, positive EPS revision momentum, and institutional accumulation, suggesting the stock's downside may be limited despite the bearish analyst call.
Price Chart
Executive Summary
B of A Securities downgraded Intel Corp (INTC) to Neutral from Buy and slashed its price target 31% to $100 from $145 on October 30, 2026. The firm has a poor track record on INTC, with a 0% accuracy rate on 6 calls and an average return of just 0.4%, placing it among the worst-performing firms covering the stock. The consensus on INTC is heavily tilted toward Hold, with 33 Hold ratings, 20 Buy-equivalent ratings (4 Strong Buy + 16 Buy), and 2 Sell ratings among 55 analysts. The mean price target is $117.71, implying 27.8% upside from the current price of $92.07, while the median is $112 and the high/low range spans $200 to $80. Over the past 30 days, analyst activity has been mixed with 2 upgrades (New Street Research to Buy, JP Morgan to Neutral) and 1 downgrade (this one), while EPS revisions for the next quarter show 24 upward revisions versus 1 downward revision in the last 30 days, indicating improving near-term estimates. Insider activity is bullish: the CEO made an open-market buy of $10 million on August 11, 2026, and a congressional Democrat bought $1,001-$15,000 in September. Institutional changes show several funds adding or doubling positions, including a large $3.6 billion add by Assenagon Asset Management. The downgrade from a low-accuracy firm is a contrarian signal against improving fundamentals and insider buying, making the net impact on the stock's setup less bearish than the headline suggests.
Impact Score
Consensus & Targets
Among 55 analysts covering INTC, the consensus is 36% Buy-equivalent (4 Strong Buy + 16 Buy), 60% Hold (33 Hold), and 4% Sell (2 Sell). The consensus is heavily weighted toward Hold, reflecting broad uncertainty about the stock's near-term outlook.
The mean price target is $117.71, median $112, high $200, and low $80. At $92.07, INTC trades 21.8% below the mean target, implying 27.8% upside to the mean. B of A's new $100 PT sits 15% below the mean and 10.7% below the median, making it one of the more bearish targets among the 42 analysts contributing to the consensus.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-10-30 | B of A Securities | downgrade | Neutral | $100.00 |
| 2026-10-27 | Rosenblatt | maintain | Sell | $80.00 |
| 2026-10-27 | Wedbush | reiterate | Neutral | $98.00 |
| 2026-10-26 | RBC Capital | reiterate | Sector Perform | No target |
| 2026-10-26 | New Street Research | upgrade | Buy | $125.00 |
| 2026-10-21 | Susquehanna | maintain | Neutral | $105.00 |
| 2026-10-19 | TD Cowen | maintain | Hold | $95.00 |
| 2026-10-19 | JP Morgan | upgrade | Neutral | $85.00 |
| 2026-10-06 | Mizuho | maintain | Neutral | $114.00 |
| 2026-09-24 | TD Cowen | reiterate | Hold | $115.00 |
In the last 30 days, analyst activity shows 2 upgrades (New Street Research to Buy with $125 PT on Oct 26, JP Morgan to Neutral with $85 PT on Oct 19) and 1 downgrade (this one). EPS revisions for the next quarter (+1q) show 24 upward revisions vs 1 downward revision in the last 30 days, and the EPS estimate has risen from $0.3898 to $0.41081 over that period. For the next fiscal year (+1y), there is 1 upward revision vs 0 downward in the last 30 days, with the EPS estimate rising from $2.06208 to $2.16186. The revision trend is clearly positive.
Firm Track Record: B of A Securities
B of A Securities accuracy: 47% on 3204 calls | avg return: 5.8%
Industry benchmark: mean 44% ± 9%. Top tier: ≥53% (mean + 1σ). Based on 13 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Seaport Global | 100% | 3/3 | 14.3% | top tier |
| Keybanc | 80% | 4/5 | 45.9% | top tier |
| Goldman Sachs | 75% | 3/4 | -7.7% | top tier |
| HSBC | 75% | 3/4 | 22.7% | top tier |
| Benchmark | 67% | 4/6 | 21.3% | top tier |
| Tigress Financial | 50% | 1/2 | 13.8% | above average |
| Citigroup | 50% | 2/4 | 15% | above average |
| KGI Securities | 50% | 1/2 | 30.1% | above average |
| Northland Capital Markets | 50% | 1/2 | -3.8% | above average |
| Rosenblatt | 50% | 6/12 | 11.6% | above average |
B of A Securities has a 0% accuracy rate on 6 scored calls for INTC, with an average return of just 0.4%, placing it among the worst-performing firms covering the stock. The best-performing firms are Seaport Global (100% on 3 calls, avg return 14.3%), Keybanc (80% on 5 calls, avg return 45.9%), and Goldman Sachs (75% on 4 calls, avg return -7.7%). B of A's track record is significantly below average, making this downgrade less impactful than if it came from a top-tier firm.
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| +1y | $2.16 | $1.48 to $3.44 | $73.0B | ↑1 ↓0 |
| +1q | $0.41 | $0.21 to $0.65 | $16.8B | ↑0 ↓0 |
| 0y | $1.54 | $1.12 to $1.74 | $63.3B | ↑0 ↓0 |
| 0q | $0.44 | $0.32 to $0.55 | $17.1B | ↑1 ↓0 |
Cross-Platform Signals
Insider activity is strongly bullish: CEO Tan Lip Bu made an open-market buy of $10 million on August 11, 2026 (not under a 10b5-1 plan). Congressional activity shows a buy of $1,001-$15,000 by Rep. Ro Khanna (D-CA) on September 4, 2026. Institutional changes show multiple funds adding or doubling positions, including a massive $3.6 billion add by Assenagon Asset Management (87.1% increase) and a 194.1% increase by Mather Group. No short-sale volume data is available. The insider buying and institutional accumulation diverge sharply from the bearish analyst downgrade, creating a mixed signal.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | ANALYST-DOWNGRADE | $68.12 | awaiting T+5 | awaiting T+5 | $65.76 (−3.46%) |
Oct 29, 2026 3d ago | 8-K | $72.97 | awaiting T+5 | awaiting T+5 | $65.76 (+9.88%) |
Oct 26, 2026 6d ago | ANALYST-UPGRADE | $90.47 | awaiting T+5 | awaiting T+5 | $65.76 (−27.31%) |
Oct 21, 2026 11d ago | Institutional Cluster | $85.49 $92.07 | ▲ +7.70% | ▲ +6.99% | $65.76 (−23.08%) |
Oct 20, 2026 12d ago | PTAB Trial | $92.96 $93.74 | ▲ +0.84% | ▲ +1.28% | $65.76 (−29.26%) |
Oct 19, 2026 13d ago | ANALYST-UPGRADE | $92.03 $90.47 | ▼ −1.70% | ▼ −1.55% | $65.76 (−28.55%) |
Sep 8, 2026 7w ago | ANALYST-UPGRADE | No price | awaiting T+5 | awaiting T+5 | No price |
Aug 14, 2026 11w ago | Insider Buy | $103.49 $87.26 | ▼ −15.68% | ▼ −14.49% | $65.76 (−36.46%) |
Aug 12, 2026 11w ago | 8-K | $104.56 $92.13 | ▲ +11.89% | ▲ +9.92% | $65.76 (+37.11%) |
Aug 10, 2026 11w ago | 424B5 | $97.52 $103.47 | ▼ −6.10% | ▼ −6.14% | $65.76 (+32.57%) |
US Market Status
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