Microchip Technology (MCHP, Financial) received a significant update as Keybanc analyst John Vinh announced a revision in the price target for the stock. The new price target has been raised to USD 85.00 from the previous target of USD 70.00.
This adjustment represents a 21.43% increase in the price target, indicating strong confidence in Microchip Technology’s future prospects. The analyst has maintained the "Overweight" rating for MCHP, underscoring continued positive sentiment about the company's growth potential.
The announcement was made on July 8, 2025, marking an essential update for investors tracking Microchip Technology (MCHP, Financial). The adjustments reflect ongoing analysis and evaluation by Keybanc, aiming to provide clearer guidance to the market participants.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Microchip Technology Inc (MCHP, Financial) is $70.10 with a high estimate of $90.00 and a low estimate of $50.00. The average target implies an downside of 5.69% from the current price of $74.33. More detailed estimate data can be found on the Microchip Technology Inc (MCHP) Forecast page.
Based on the consensus recommendation from 25 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 $50.49, suggesting a downside of 32.07% from the current price of $74.33. 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.
