Goldman's Neutral rating with a $150 PT is a cautious bullish signal — the PT is far above consensus, but the rating suggests limited near-term catalysts. With earnings due July 22 and strong upward revisions, traders should watch for a potential catalyst-driven move. The high short interest could fuel a squeeze if results beat, but insider selling warrants caution.
Price Chart
Executive Summary
Goldman Sachs initiated coverage on INTC with a Neutral rating and a $150 price target, implying 13.9% upside from the current $131.65. The firm has a 75% accuracy rate on its limited INTC calls (4 scored) and 54% overall on 2,921 calls. The $150 PT is well above the consensus mean of $94.75 and median of $90, placing it near the high of $160. The broader consensus is heavily tilted toward Hold — 60% Hold, 32% Buy, 8% Sell across 53 analysts. EPS revisions are strongly positive: 31 upward revisions for the current quarter and 35 for the current year, with zero downward revisions. Insider trades show two sells totaling ~$6.5M in May, but Rep. Nancy Pelosi bought $1M-$5M on May 29. Institutional activity is mixed: FMR LLC and Capital Research Global Investors both doubled positions, while Norges Bank exited. Short interest is elevated at 58.4% of TRF volume, and earnings are due July 22. The bottom line: Goldman's high PT with a neutral rating is a cautious bullish signal, but the stock trades well above consensus mean and faces insider selling.
Impact Score
Consensus & Targets
Of 53 analysts covering INTC, 17 are Buy (32%), 32 are Hold (60%), and 4 are Sell (8%). The consensus is heavily tilted toward Hold, with the mean PT of $94.75 implying 28% downside from the current $131.65. Goldman's Neutral rating aligns with the majority view, but its PT is far more bullish than the consensus.
Price target analysis: mean $94.75, median $90, high $160, low $45. Current price $131.65 is 39% above the mean and 46% above the median. Goldman's $150 PT is 58% above the mean and 67% above the median, making it one of the most bullish on the Street despite the Neutral rating.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-06-25 | Goldman Sachs | initiate | Neutral | $150.00 |
| 2026-06-23 | B of A Securities | maintain | Buy | $160.00 |
| 2026-06-11 | B of A Securities | upgrade | Buy | $135.00 |
| 2026-06-01 | Barclays | maintain | Equal-Weight | $100.00 |
| 2026-06-01 | Wells Fargo | maintain | Equal-Weight | $110.00 |
| 2026-06-01 | Mizuho | maintain | Neutral | $128.00 |
| 2026-05-18 | Citigroup | maintain | Buy | $130.00 |
| 2026-05-18 | Benchmark | maintain | Buy | $140.00 |
| 2026-05-12 | Mizuho | maintain | Neutral | $124.00 |
| 2026-05-04 | RBC Capital | reiterate | Sector Perform | $80.00 |
In the past 30 days, there have been 2 upgrades and 0 downgrades. EPS revisions are overwhelmingly positive: 31 upward revisions for the current quarter (0 down), 26 up for next quarter (3 down), 35 up for the current year (0 down), and 7 up for next year (0 down). Estimates are being revised higher across all periods, indicating improving sentiment.
Firm Track Record — Goldman Sachs
Goldman Sachs accuracy: 54% on 2921 calls | avg return: 5.6%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Seaport Global | 100% | 2/2 | 3.8% | top tier |
| Morgan Stanley | 80% | 4/5 | 11.2% | top tier |
| Goldman Sachs | 75% | 3/4 | -7.7% | top tier |
| UBS | 75% | 6/8 | 8.7% | top tier |
| Needham | 71% | 5/7 | 15.1% | top tier |
| Deutsche Bank | 67% | 2/3 | 2.5% | top tier |
| Barclays | 67% | 4/6 | 8.4% | top tier |
| Roth MKM | 67% | 2/3 | 3.4% | top tier |
| Wells Fargo | 60% | 3/5 | 7.5% | above average |
| Truist Securities | 57% | 4/7 | 0.7% | above average |
Goldman Sachs has a 75% accuracy rate on 4 INTC calls with an average return of -7.7%, which is below the firm's overall 54% accuracy on 2,921 calls (avg return +5.6%). Among firms covering INTC, top performers include Seaport Global (100% on 2 calls, avg return +3.8%), Morgan Stanley (80% on 5, avg return +11.2%), and Needham (71% on 7, avg return +15.1%). Goldman's INTC track record is small and negative-return, but the firm's overall reputation is strong.
Earnings Estimates
Next earnings: Jul 22, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.21 | $0.20 — $0.33 | $14.4B | ↑1 ↓0 |
| +1q | $0.27 | $0.22 — $0.37 | $15.1B | ↑1 ↓0 |
| 0y | $1.09 | $0.95 — $1.39 | $58.7B | ↑1 ↓0 |
| +1y | $1.55 | $0.94 — $2.21 | $65.3B | ↑2 ↓0 |
Cross-Platform Signals
Insider trades show two sells totaling ~$6.5M in May 2026, a bearish signal. However, Rep. Nancy Pelosi bought $1M-$5M on May 29, a notable bullish congressional trade. Institutional activity is mixed: FMR LLC and Capital Research Global Investors both doubled their positions, while Norges Bank exited. Short interest is elevated at 58.4% of TRF volume, indicating heavy bearish positioning. The analyst initiation with a high PT contrasts with insider selling but aligns with institutional accumulation and upward EPS revisions.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 23d ago | ANALYST-UPGRADE | — | awaiting T+20 | — | — |
Aug 14, 2026 7w ago | Insider Buy | $102.50 $97.19 | ▼ −5.18% | ▼ −3.19% | $124.24 (+21.21%) |
Aug 12, 2026 7w ago | 8-K | $104.56 $102.94 | ▲ +1.55% | ▼ −0.20% | $124.24 (−18.82%) |
Aug 10, 2026 7w ago | 424B5 | $97.52 $104.47 | ▼ −7.13% | ▼ −8.04% | $124.24 (−27.40%) |
Aug 10, 2026 7w ago | S-3ASR | $97.52 $104.47 | ▲ +7.13% | ▲ +8.04% | $124.24 (+27.40%) |
Jul 28, 2026 9w ago | Court Ruling | $86.30 $87.48 | ▲ +1.37% | ▼ −2.01% | $124.24 (+43.96%) |
Jun 25, 2026 14w ago | ANALYST-UPGRADE | — | awaiting T+20 | — | — |
Jun 11, 2026 16w ago | ANALYST-UPGRADE | $116.96 $112.54 | ▼ −3.78% | ▼ −5.67% | $124.24 (+6.22%) |
Apr 30, 2026 22w ago | 8-K | $99.62 $109.35 | ▲ +9.77% | ▲ +4.50% | $124.24 (+24.72%) |
Apr 29, 2026 22w ago | 424B5 | $94.53 $114.62 | ▲ +21.25% | ▲ +16.03% | $124.24 (+31.43%) |
US Market Status
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