S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
The “Perfect Storm” for Gold (Ad)
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
1970’s computer coder issues shocking A.I. warning (Ad)
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
How to Know Which AI Company to Invest In… and When (Ad)
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
The “Perfect Storm” for Gold (Ad)
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
1970’s computer coder issues shocking A.I. warning (Ad)
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
How to Know Which AI Company to Invest In… and When (Ad)
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
The “Perfect Storm” for Gold (Ad)
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
1970’s computer coder issues shocking A.I. warning (Ad)
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
How to Know Which AI Company to Invest In… and When (Ad)
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
Stock market today: Most of Wall Street slips as expectations rise for rates to stay high
The “Perfect Storm” for Gold (Ad)
Kinder Morgan Stock Bid Up In An Oil Breakout
ASML’s Earnings Could Bring The Stock to New Highs
1970’s computer coder issues shocking A.I. warning (Ad)
3 Computer Vision Stocks for Long-Term Gains From AI
Closing prices for crude oil, gold and other commodities
How to Know Which AI Company to Invest In… and When (Ad)
Undervalued UnitedHealth Group Won’t Be For Long
DocuSign and The Case for 66% Upside 
Free Trial

Microchip Technology (MCHP) Stock Forecast & Price Target

→ Could Bitcoin Literally FORCE This Crypto To Rocket Up? (From Paradigm Press) (Ad)
Free mchp Stock Alerts
$85.93
+0.23 (+0.27%)
(As of 05:32 PM ET)
Compare
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Microchip Technology Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$92.25
7.35% Upside
High Forecast$106.00
Average Forecast$92.25
Low Forecast$77.00
TypeCurrent Forecast
4/17/23 to 4/16/24		1 Month Ago
3/18/23 to 3/17/24		3 Months Ago
1/17/23 to 1/17/24		1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
11 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
11 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$92.25$91.33$92.88$90.58
Predicted Upside7.35% Upside9.58% Upside14.90% Upside13.35% Upside
Get Microchip Technology Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for MCHP and its competitors with MarketBeat's FREE daily newsletter.

MCHP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

MCHP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Microchip Technology Stock vs. The Competition

TypeMicrochip TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.69
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside7.64% Upside113.20% Upside11.23% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/16/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$106.00+23.69%
4/8/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingPositive ➝ Positive$100.00+13.07%
3/14/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$94.00+5.90%
2/2/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$105.00 ➝ $95.00+13.03%
2/2/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$87.00 ➝ $77.00-8.57%
2/2/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$85.00 ➝ $90.00+5.08%
2/2/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform$75.00 ➝ $80.00-6.60%
1/30/2024Rosenblatt Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$100.00+16.25%
1/18/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradePeer Perform ➝ Outperform$105.00+25.99%
1/9/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$97.00 ➝ $93.00+7.56%
1/4/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOverweight ➝ Neutral$80.00-5.40%
11/8/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$100.00+32.78%
11/3/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$96.00 ➝ $90.00+22.28%
11/3/2023KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$95.00 ➝ $90.00+22.28%
8/4/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $90.00+7.35%
8/4/2023Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$89.00 ➝ $86.00-3.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:14 PM ET.

MCHP Price Target - Frequently Asked Questions

What is Microchip Technology's consensus rating and price target?

According to the issued ratings of 16 analysts in the last year, the consensus rating for Microchip Technology stock is Moderate Buy based on the current 5 hold ratings and 11 buy ratings for MCHP. The average twelve-month price prediction for Microchip Technology is $92.25 with a high price target of $106.00 and a low price target of $77.00. Learn more on MCHP's analyst rating history.

Do Wall Street analysts like Microchip Technology more than its competitors?

Analysts like Microchip Technology more than other Computer and Technology companies. The consensus rating score for Microchip Technology is 2.69 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how MCHP compares to other companies.

Is Microchip Technology being upgraded by Wall Street analysts?

Over the previous 90 days, Microchip Technology's stock had 1 upgrade by analysts.

Does Microchip Technology's stock price have much upside?

According to analysts, Microchip Technology's stock has a predicted upside of 10.25% based on their 12-month stock forecasts.

What analysts cover Microchip Technology?

Microchip Technology has been rated by Evercore ISI, Needham & Company LLC, Rosenblatt Securities, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, and Wolfe Research in the past 90 days.


Stock Ratings Reports and Tools

Related Companies:
Today's Ratings:
Top Rated Stocks:
More Ratings Tools:
This page (NASDAQ:MCHP) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners
He Is Giving Away Bitcoin
Crypto Swap Profits
The "Smart Money" Is Ready for May 1st Are You?
Stansberry Research
Top 5 AI Stocks to Buy for 2024
Market Moving Trends
Options trading has suddenly become more reliable.
Eagle Publishing
Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS
Paradigm Press
The Greatest Bull Market in Crypto History…
Weiss Ratings
Top 5 Tech Stocks to Buy for 2024
Daily Market Alerts
[BUY ALERT] Our #1 A.I. Stock for April
Behind the Markets