S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway

Microchip Technology (MCHP) Stock Forecast & Price Target

$87.00
+2.86 (+3.40%)
(As of 03/1/2024 ET)

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 15 Analyst Ratings

Analysts' Consensus Price Target

$91.33
4.98% Upside
High Forecast$105.00
Average Forecast$91.33
Low Forecast$77.00
TypeCurrent Forecast
3/4/23 to 3/3/24
1 Month Ago
2/2/23 to 2/2/24
3 Months Ago
12/4/22 to 12/4/23
1 Year Ago
3/4/22 to 3/4/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
10 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
12 Buy rating(s)
Hold
5 Hold rating(s)
6 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$91.33$93.28$94.13$90.58
Predicted Upside4.98% Upside12.11% Upside16.10% Upside13.89% Upside
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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.
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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.
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Microchip Technology Stock vs. The Competition

TypeMicrochip TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.57
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside4.98% Upside193.78% Upside6.76% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/2/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$96.00 ➝ $94.00+11.96%
2/2/2024UBS Group
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 Lower TargetBuy ➝ Buy$105.00 ➝ $95.00+13.03%
2/2/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$87.00 ➝ $77.00-8.57%
2/2/2024Susquehanna
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 Lower TargetPositive ➝ Positive$105.00 ➝ $100.00+16.75%
2/2/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$85.00 ➝ $90.00+5.08%
2/2/2024TD Cowen
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 Boost TargetMarket Perform$75.00 ➝ $80.00-6.60%
1/30/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$100.00+16.25%
1/18/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$105.00+25.99%
1/9/2024Truist Financial
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 Lower TargetBuy ➝ Buy$97.00 ➝ $93.00+7.56%
1/4/2024Piper Sandler
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 DowngradeOverweight ➝ Neutral$80.00-5.40%
11/8/2023Citigroup
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 UpgradeNeutral ➝ Buy$100.00+32.78%
11/3/2023Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$96.00 ➝ $90.00+22.28%
11/3/2023KeyCorp
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 Lower TargetOverweight ➝ Overweight$95.00 ➝ $90.00+22.28%
8/4/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $90.00+7.35%
8/4/2023Mizuho
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 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 Sunday at 12:13 PM ET.












MCHP Price Target - Frequently Asked Questions

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

According to the issued ratings of 15 analysts in the last year, the consensus rating for Microchip Technology stock is Moderate Buy based on the current 5 hold ratings and 10 buy ratings for MCHP. The average twelve-month price prediction for Microchip Technology is $91.33 with a high price target of $105.00 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 2.67 while the average consensus rating score for computer and technology companies is 2.57. Learn more on how MCHP compares to other companies.

Is Microchip Technology being upgraded or downgraded by Wall Street analysts?

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

Does Microchip Technology's stock price have much upside?

According to analysts, Microchip Technology's stock has a predicted upside of 10.00% based on their 12-month stock forecasts.

What analysts cover Microchip Technology?

Stock Ratings Reports and Tools

This page (NASDAQ:MCHP) was last updated on 3/3/2024 by MarketBeat.com Staff