17 Wall Street analysts slash Intel stock price targets after Q3 earnings

Intel (NASDAQ: INTC ) stock is down 29% on October 30, trading at $65.9 at the time of publication, following a wave of price target cuts and downgrades from Wall Street analysts in the wake of the chipmaker’s third-quarter earnings report . Among the most significant revisions, Roth Capital analyst Suji Desilva slashed his Intel price target by 41.67%, from $120 to $70, saying that while data center growth might be positive, manufacturing constraints could limit further upside. Desilva also downgraded the stock to “Neutral” from “Buy,” citing weaker guidance that reflected headwinds in the client computing segment, demand adjustments, and the impact of a manufacturing accident.

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