Microchip Technology (MCHP, Financial) has seen a positive adjustment in its price target by analyst Kevin Cassidy at Rosenblatt. The new price target has been set at $70.00 USD, up from the prior target of $63.00 USD, marking an 11.11% increase.
The analyst continues to maintain a 'Buy' rating on MCHP, indicating a favorable outlook for the company's future performance in the stock market. This reaffirmation suggests confidence in Microchip Technology's potential to achieve its updated price target.
The update from Rosenblatt comes as part of their ongoing analysis of Microchip Technology's market potential and aligns with their positive sentiment toward MCHP. As of the report date on May 30, 2025, the adjusted price target reflects a robust view on MCHP's stock value.
Investors will be keeping a close watch on Microchip Technology (MCHP, Financial) as it strives to meet the newly adjusted benchmark set by Rosenblatt, which continues to recommend a 'Buy' stance.
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 $63.04 with a high estimate of $75.00 and a low estimate of $50.00. The average target implies an upside of 8.49% from the current price of $58.11. 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 $48.60, suggesting a downside of 16.37% from the current price of $58.11. 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.
