Microchip Technology (MCHP, Financial) has received a positive update from Citigroup as analyst Christopher Danely has raised the stock's price target. The new price target is set at $68.00 USD, up from the previous target of $55.00 USD, marking a significant increase of 23.64%.
The analyst has maintained a 'Buy' rating for Microchip Technology (MCHP, Financial), reflecting continued confidence in the stock's performance. The update, dated June 9, 2025, suggests potential growth and optimism for Microchip Technology in the coming period.
Investors and market observers will be keen on watching how Microchip Technology (MCHP, Financial) performs following this updated guidance and whether it can meet or exceed the new price target.
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 $63.63 with a high estimate of $75.00 and a low estimate of $50.00. The average target implies an downside of 6.76% from the current price of $68.24. 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 2.0, 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 $49.68, suggesting a downside of 27.2% from the current price of $68.24. 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.
