On July 18, 2025, Microchip Technology (MCHP, Financial) saw a positive move in its stock outlook as analyst Tore Svanberg from Stifel maintained a "Buy" rating while raising the price target. The new price target has been set at $82.00, up from the previous target of $70.00. This adjustment marks a significant increase of 17.14%.
The continued "Buy" rating reflects confidence in Microchip Technology's (MCHP, Financial) market performance and potential for growth. The revised price target indicates Stifel's positive assessment of the company's future prospects and valuation.
Investors will be closely monitoring Microchip Technology (MCHP, Financial) following this update, as the new price target suggests increased value in the stock. As market conditions evolve, responses to such analyst recommendations often play a critical role in shaping investor strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Microchip Technology Inc (MCHP, Financial) is $72.62 with a high estimate of $90.00 and a low estimate of $50.00. The average target implies an downside of 2.45% from the current price of $74.44. More detailed estimate data can be found on the Microchip Technology Inc (MCHP) Forecast page.
Based on the consensus recommendation from 26 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 32.17% from the current price of $74.44. 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.
