On June 12, 2025, Microchip Technology (MCHP, Financial) received an analyst update from Evercore ISI Group, with analyst Mark Lipacis maintaining the company's current rating of "Outperform".
Alongside maintaining the "Outperform" rating, Evercore ISI Group has raised the price target for Microchip Technology (MCHP, Financial) from a prior $69.00 to a new target of $83.00. This adjustment signifies a 20.29% increase in the price target, reflecting confidence in the company's potential for future growth.
Microchip Technology (MCHP, Financial) remains a key player in its industry, and this analyst update may provide positive reinforcement for investors looking at the stock's future performance.
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 4.68% from the current price of $68.65. 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 27.63% from the current price of $68.65. 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.
