$92.50
1.82[2.01%]
At close: Apr 25
$92.50
0[0.00%]
After Hours: 5:30PM EDT
Microchip Technology
(NASDAQ:MCHP)Microchip Technology Stock (NASDAQ:MCHP), Analyst Ratings, Price Targets, Predictions
Microchip Technology Inc has a consensus price target of $94.26, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Stifel, Evercore ISI Group, and Susquehanna on April 18, 2024, April 16, 2024, and April 8, 2024. With an average price target of $101.33 between Stifel, Evercore ISI Group, and Susquehanna, there's an implied 9.55% upside for Microchip Technology Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Stifel
Evercore ISI Group
Susquehanna
Goldman Sachs
UBS
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Microchip Technology
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/18/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 5.95% | Stifel | Tore Svanberg | $94 → $98 | Maintains | Buy | Get Alert |
| 04/16/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 14.59% | Evercore ISI Group | Mark Lipacis | → $106 | Initiates | → Outperform | Get Alert |
| 04/08/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 8.11% | Susquehanna | Christopher Rolland | $100 → $100 | Maintains | Positive | Get Alert |
| 03/14/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 1.62% | Stifel | Tore Svanberg | → $94 | Reiterates | Buy → Buy | Get Alert |
| 02/05/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | -16.76% | Goldman Sachs | Toshiya Hari | $87 → $77 | Maintains | Neutral | Get Alert |
| 02/02/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 1.62% | Stifel | Tore Svanberg | $96 → $94 | Maintains | Buy | Get Alert |
| 02/02/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 2.7% | UBS | Pradeep Ramani | $105 → $95 | Maintains | Buy | Get Alert |
| 02/02/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | -16.76% | Goldman Sachs | Toshiya Hari | $87 → $77 | Maintains | Neutral | Get Alert |
| 02/02/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 8.11% | Susquehanna | Christopher Rolland | $105 → $100 | Maintains | Positive | Get Alert |
| 02/02/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | -2.7% | Needham | Quinn Bolton | $85 → $90 | Maintains | Buy | Get Alert |
| 01/30/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 8.11% | Rosenblatt | Hans Mosesmann | → $100 | Reiterates | Buy → Buy | Get Alert |
| 01/18/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 13.51% | Wolfe Research | Chris Caso | → $105 | Upgrade | Peer Perform → Outperform | Get Alert |
| 01/09/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 0.54% | Truist Securities | William Stein | $97 → $93 | Maintains | Buy | Get Alert |
| 01/09/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | 3.78% | Stifel | Tore Svanberg | $100 → $96 | Maintains | Buy | Get Alert |
| 01/04/2024 | MCHP | Buy Now | Microchip Technology | $92.50 | -13.51% | Piper Sandler | Harsh Kumar | → $80 | Downgrade | Overweight → Neutral | Get Alert |
| 11/08/2023 | MCHP | Buy Now | Microchip Technology | $92.50 | 8.11% | Citigroup | Christopher Danely | → $100 | Upgrade | Neutral → Buy | Get Alert |
| 11/03/2023 | MCHP | Buy Now | Microchip Technology | $92.50 | -13.51% | Piper Sandler | Harsh Kumar | $100 → $80 | Maintains | Overweight | Get Alert |
| 11/03/2023 | MCHP | Buy Now | Microchip Technology | $92.50 | -2.7% | Susquehanna | Christopher Rolland | $95 → $90 | Maintains | Positive | Get Alert |
| 11/03/2023 | MCHP | Buy Now | Microchip Technology | $92.50 | -2.7% | Morgan Stanley | Joseph Moore | $96 → $90 | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Microchip Technology (MCHP)?
The latest price target for Microchip Technology (NASDAQ: MCHP) was reported by Stifel on April 18, 2024. The analyst firm set a price target for $98.00 expecting MCHP to rise to within 12 months (a possible 5.95% upside). 42 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Microchip Technology (MCHP)?
The latest analyst rating for Microchip Technology (NASDAQ: MCHP) was provided by Stifel, and Microchip Technology maintained their buy rating.
When was the last upgrade for Microchip Technology (MCHP)?
The last upgrade for Microchip Technology Inc happened on January 18, 2024 when Wolfe Research raised their price target to $105. Wolfe Research previously had a peer perform for Microchip Technology Inc.
When was the last downgrade for Microchip Technology (MCHP)?
The last downgrade for Microchip Technology Inc happened on January 4, 2024 when Piper Sandler changed their price target from N/A to $80 for Microchip Technology Inc.
When is the next analyst rating going to be posted or updated for Microchip Technology (MCHP)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Microchip Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Microchip Technology was filed on April 18, 2024 so you should expect the next rating to be made available sometime around April 18, 2025.
Is the Analyst Rating Microchip Technology (MCHP) correct?
While ratings are subjective and will change, the latest Microchip Technology (MCHP) rating was a maintained with a price target of $94.00 to $98.00. The current price Microchip Technology (MCHP) is trading at is $92.50, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.