JP Morgan Upgrades Intel to Neutral from Underweight
Fintel reports that on October 19, 2026, JP Morgan upgraded their outlook for Intel (NASDAQGS:INTC) (BATS-CHIXE:INLD) from Underweight to Neutral.
This rating action follows a prior action by JP Morgan on July 24, 2026, where the firm maintained its Underweight rating on the stock. Other recent analyst actions include Mizuho maintaining a Neutral rating on October 6, 2026, and TD Cowen reiterating a Hold rating on September 24, 2026.
On October 19, 2026, the latest close for Intel was $91.97. This compares to a pre-action close of $89.85 on October 16, 2026. Over a one-week period, the stock experienced a price change of -9.26% from a baseline close of $101.35 on October 12, 2026. Over a one-month period, the price change was -15.31% from a baseline close of $108.60 on September 18, 2026.
Intel Corporation, based in the United States, is a leader within the semiconductor industry. The company is primarily engaged in the design and manufacturing of computer components and related products, with an oeuvre spanning processors, chipsets, and memory technology. Key projects include the development of cutting-edge processor technologies such as the Core and Xeon series, advancements in AI-driven data analysis tools, and initiatives in autonomous vehicle technologies.
Intel's latest earnings were reported on July 23, 2026, with an actual EPS of 0.42 compared to an estimate of 0.2177, representing an EPS surprise of +92.93%. Actual revenue for the quarter was $16,128,000,000.00, exceeding the estimated revenue of $14,705,531,729.00. The company's upcoming earnings date is scheduled for October 29, 2026, during the amc session.
As of October 2, 2026, the current consensus target mean for Intel was $117.07, with a median target of $112.20, representing an implied change of +27.29%. This is a revision of +0.59% from the prior consensus target mean of $116.38 on September 15, 2026. In the recommendation period of September 1, 2026, the aggregate analyst recommendations consisted of 4 strong buy, 15 buy, 34 hold, 2 sell, and 0 strong sell ratings, totaling 55 recommendations. This represents 34.5% positive, 61.8% hold, and 3.6% negative recommendations. In the prior period of August 1, 2026, the recommendations consisted of 4 strong buy, 15 buy, 33 hold, 3 sell, and 0 strong sell ratings, totaling 55 recommendations, which represented 34.5% positive, 60.0% hold, and 5.5% negative recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 19, 2026 | JP Morgan | Underweight | Neutral | upgrade |
| October 6, 2026 | Mizuho | Neutral | Neutral | maintained |
| September 24, 2026 | TD Cowen | Hold | Hold | reiterated |
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This story originally appeared on Fintel.