Intel (INTC) stock hit with major Wall Street downgrade
On the heels of the recent massive rally, Intel (NASDAQ: INTC) stock has received a downgrade from Wall Street, with an analyst citing concerns about its valuation. Specifically, INTC was downgraded by Northland Capital Markets from ‘Outperform’ to ‘Market Perform’. The downgrade comes after Intel shares surged almost 500% over the past year, with the equity trading at $119 as of press time. The rally has pushed the semiconductor giant into overvalued territory, according to market data cited by analysts. Northland analyst Gus Richard also suspended the firms price target on the technology company. While Northland acknowledged that Intel is making measurable progress in its recovery strategy, the analyst warned that the current share price already reflects much of the expected improvement. At the same time, Richard expects earnings estimates to rise as demand for server central processing units strengthens in the coming quarters. However, Northland projects that overall data center spending could decline in calendar year 2027 as hyperscale technology companies face increasing cash constraints, potentially limiting future growth across the artificial intelligence infrastructure market. Under Northland‘s optimistic scenario, Intel’s data center business could expand by 40% in 2027, resulting in earnings of about $3.20 per share. Even with that projection, the stock would still









