Intel Corp. (NASDAQ:INTC) is having its worst day in more than half a century.
25 in Friday morning trading, on track for the steepest one-day drop since July 1974. That would top the 26% slide in August 2024, previously the stock’s worst session in five decades.
Chart: Intel Corp. daily price change since 1973.
Source: TradingView The chipmaker beat third-quarter estimates. 5 billion and adjusted earnings to 25 cents a share.
Wall Street had expected roughly $17 billion and 43 cents. Bank of America analyst Vivek Arya downgraded Intel to Neutral from Buy and cut his price objective to $100 from $145.
” Arya expects PC shipments to drop 25% to 30% from the prior quarter in the fourth quarter, with more inventory correction in the first half of 2027. He also said Intel has not shown enough traction with external foundry customers.
69 a share. He was not alone.
According to Benzinga Analyst Ratings, Seaport Global and Roth Capital also cut Intel to Neutral on Friday, while seven firms lowered their price targets. KGI Securities went the other way, upgrading the stock to Outperform.
DateFirmPrice TargetActionRatingOct 30, 2026B of A Securities$145 → $100DowngradeBuy → NeutralOct 30, 2026Roth Capital$120 → $70DowngradeBuy → NeutralOct 30, 2026Seaport Global—DowngradeBuy → NeutralOct 30, 2026KGI Securities$95UpgradeNeutral → OutperformOct 30, 2026StoneX$140 → $100MaintainsBuyOct 30, 2026Susquehanna$105 → $75MaintainsNeutralOct 30, 2026Cantor Fitzgerald$125 → $90MaintainsNeutralOct 30, 2026KeyBanc$155 → $140MaintainsOverweightOct 30, 2026Evercore ISI Group$133 → $131MaintainsOutperformOct 30, 2026Needham—MaintainsHoldSource: Benzinga Analyst Ratings The selloff spread across chipmakers. 9%, while Advanced Micro Devices Inc.
3%. Arya flagged the PC slump as a headwind for AMD, which reports next week.
