Goldman Sachs Gives Intel a Neutral Rating, Suggests Alternatives

Goldman Sachs initiated coverage of Intel (INTC) with a 'Neutral' rating and a 12-month price target of $150, according to Investing.com. The firm cited favorable trends in the server CPU market and upside potential from Intel's foundry business.

However, Goldman said that INTC's recent rally has already priced in much of that optimism, with the stock having surged 237.4% so far in 2026. As a result, the firm sees limited relative upside for Intel despite its otherwise constructive fundamental outlook.

Goldman suggests alternative chipmakers with better revenue visibility, including Nvidia (NVDA), Broadcom (AVGO), and Advanced Micro Devices (AMD). The bank expects AMD to gain share 'given a stronger medium-term product roadmap.'

The 12-month average price target for INTC is $96.07, indicating nearly 28% downside from its previous close, according to data from Koyfin. In contrast, the 12-month average price targets for NVDA and AVGO indicate upside potentials of nearly 53% and over 38%, respectively.