Microchip Technology (MCHP, Financial) has seen an update from Truist Securities, as analyst William Stein continues to maintain a "Hold" rating on the stock. The rating remains unchanged, reflecting the analyst's steady outlook on the company's current market position.
In a noteworthy development, Truist Securities has raised its price target for Microchip Technology (MCHP, Financial) from $52.00 to $64.00. This adjustment represents a significant 23.08% increase from the prior target, indicating an improved valuation forecast for the stock.
The adjustments to Microchip Technology's (MCHP, Financial) price target are made in USD, and the effective date for this analyst action is June 18, 2025. Stakeholders and potential investors may find this update relevant as they consider the company's financial prospects and market 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 $66.01 with a high estimate of $85.00 and a low estimate of $50.00. The average target implies an downside of 3.54% from the current price of $68.43. 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 27.4% from the current price of $68.43. 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.
