Mizuho Securities has maintained its "Outperform" rating on Microchip Technology (MCHP, Financial) while raising its price target. The announcement comes as analyst Vijay Rakesh adjusted the price target to $78.00 from the previous target of $68.00.
This new price target reflects a 14.71% increase from the prior estimate, indicating a strong positive outlook for Microchip Technology (MCHP, Financial). The rating itself remains unchanged at "Outperform," signaling analyst confidence in the company's prospects.
The updated evaluation was disclosed on June 12, 2025, showing both continued support and an upward adjustment in expectations for Microchip Technology (MCHP, Financial) from Mizuho Securities.
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 $65.44 with a high estimate of $85.00 and a low estimate of $50.00. The average target implies an downside of 4.51% from the current price of $68.53. 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 27.51% from the current price of $68.53. 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.
