Mizuho Analyst Lowers Price Target for Intel Amid Market Volatility
A top-rated analyst at Mizuho has lowered the price target for Intel (INTC) to $92 from $109 while maintaining a 'Hold' rating. The adjustment comes after INTC shares fell nearly 32% from their June peak of $140.94, trading near Rakesh's new valuation level at around $95.80 as of September 7, 2026. The analyst attributes the decline to three factors: a sector-wide rotation triggered by concerns over AI semiconductor valuations outpacing demand; an unexpected drop in INTC shares following strong Q2 earnings due to GAAP losses from restructuring charges and lack of external customer commitments for its foundry business; and dilution caused by Intel's $15 billion equity raise. Despite the price cut, Rakesh highlights positive aspects such as improving AI server CPU demand, potential growth in advanced packaging revenue, and early signs of a PC refresh cycle. The analyst’s revised target suggests that INTC is fairly valued at current levels but not necessarily undervalued or overvalued enough to trigger aggressive buying or selling. The market reaction has been mixed due to the combination of strong earnings results and structural challenges in scaling Intel's foundry operations.
Tickers: $INTC
Topics: analyst rating Intel Mizuho stock price target Vijay Rakesh