Microchip Technology (MCHP, Financial) has garnered attention as Needham analyst Quinn Bolton reiterates a "Buy" rating for the stock. This decision comes as the analyst maintains a price target of $66.00 USD, consistent with the prior target set earlier.
This rating and price target announcement, dated May 9, 2025, affirms Needham's continued confidence in Microchip Technology's market performance. The consistent rating and price target suggest stability in the company's projected growth trajectory.
Microchip Technology (MCHP, Financial) is a prominent player in the semiconductor industry, and Needham's unchanged guidance might offer reassurance to investors seeking opportunities within this sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Microchip Technology Inc (MCHP, Financial) is $59.47 with a high estimate of $70.00 and a low estimate of $35.00. The average target implies an upside of 21.03% from the current price of $49.14. More detailed estimate data can be found on the Microchip Technology Inc (MCHP) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Microchip Technology Inc's (MCHP, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Microchip Technology Inc (MCHP, Financial) in one year is $47.73, suggesting a downside of 2.87% from the current price of $49.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Microchip Technology Inc (MCHP) Summary page.
