Piper Sandler Initiates Coverage of Intel at Neutral
Fintel reports that on September 10, 2026, Piper Sandler initiated coverage of Intel (NASDAQGS:INTC) with a Neutral recommendation.
Intel Corporation, based in the United States, is a formidable leader within the semiconductor industry. Primarily engaged in the design and manufacturing of computer components and related products, Intel's oeuvre spans processors, chipsets, and memory technology, among others. Key projects include the development of cutting-edge processor technologies such as the Core and Xeon series, significant advancements in AI-driven data analysis tools, and initiatives in autonomous vehicle technologies. Intel continually invests in research and development to maintain its competitive edge, emphasizing innovation in microarchitecture and integration technology. These endeavors support Intel's core mission to push the boundaries of smart and connected technology worldwide. Prior to this rating action, Intel's stock closed at $106.24 on September 9, 2026. This close represents a price change of +17.98% over one week, compared to a baseline close of $90.05 on September 2, 2026. Over a one-month period, the stock experienced a price change of +4.52% from a baseline close of $101.65 on August 7, 2026.
Separately from Piper Sandler's individual rating, aggregate market consensus data shows a current consensus target mean of $116.79 and a median target of $112.20 as of August 28, 2026. This mean target represents an implied change of +9.93% from the stock's previous levels. The prior consensus target mean was $114.12 as of August 4, 2026, reflecting a consensus target revision of +2.34%. In terms of analyst recommendations, as of the September 1, 2026 period, the consensus total of 55 recommendations consisted of 4 strong buy, 15 buy, 34 hold, and 2 sell ratings. In the prior period of August 1, 2026, the total of 55 recommendations included 4 strong buy, 15 buy, 33 hold, and 3 sell ratings.
Intel's latest earnings report, released on July 23, 2026, showed an actual EPS of 0.42 compared to an estimated EPS of 0.2177, representing an EPS surprise of +92.93%. The company's actual revenue for the quarter was $16,128,000,000,000,000.00, compared to an estimated revenue of $14,705,531,729,000,000.00. Other recent analyst activities include Northland Capital Markets upgrading Intel from Market Perform to Outperform on September 8, 2026. Additionally, Mizuho maintained its Neutral rating on September 4, 2026, and UBS maintained its Neutral rating on August 12, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 10, 2026 | Piper Sandler | Neutral | initiated coverage | |
| September 8, 2026 | Northland Capital Markets | Market Perform | Outperform | upgrade |
| September 4, 2026 | Mizuho | Neutral | Neutral | maintained |
| August 12, 2026 | UBS | Neutral | Neutral | maintained |
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This story originally appeared on Fintel.