On July 10, 2025, Goldman Sachs, under the analysis of James Schneider, initiated coverage on Microchip Technology (MCHP, Financial) with a "Buy" rating. This significant move comes as a favorable indication for investors considering positions in MCHP.
Goldman Sachs announced a price target of $88.00 USD for Microchip Technology. This target price is seen as a positive signal given the current market dynamics of (MCHP, Financial).
The analyst rating from Goldman Sachs marks the first rating for Microchip Technology (MCHP, Financial), as no prior rating or price target was established by the firm.
Microchip Technology (MCHP, Financial), listed on NASDAQ, is being closely watched by market participants following this coverage initiation. Investors and stakeholders may consider this rating in their investment strategies moving forward.
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 $70.78 with a high estimate of $90.00 and a low estimate of $50.00. The average target implies an downside of 5.22% from the current price of $74.68. 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 32.39% from the current price of $74.68. 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.
