Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · Real-Time Price · USD
66.69
+0.64 (0.96%)
At close: Nov 22, 2024, 4:00 PM
66.80
+0.11 (0.17%)
After-hours: Nov 22, 2024, 4:57 PM EST

Microchip Technology Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for MCHP stock have an average target of 93.05, with a low estimate of 70 and a high estimate of 115. The average target predicts an increase of 39.53% from the current stock price of 66.69.

Analyst Consensus: Buy
Target Low Average Median High
Price $70 $93.05 $90 $115
Change +4.96% +39.53% +34.95% +72.44%

Analyst Ratings

The average analyst rating for MCHP stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 101010998
Buy 546666
Hold 454555
Sell 000000
Strong Sell 000000
Total 191920202019

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Citigroup
Citigroup
Strong Buy
Maintains
$92$82
Strong Buy Maintains $92$82 +22.96% Nov 6, 2024
Jefferies
Jefferies
Strong Buy
Maintains
$100$90
Strong Buy Maintains $100$90 +34.95% Nov 6, 2024
TD Cowen
TD Cowen
Hold
Maintains
$80$70
Hold Maintains $80$70 +4.96% Nov 6, 2024
Evercore ISI Group
Evercore ISI Group
Buy
Reiterates
$101$95
Buy Reiterates $101$95 +42.45% Nov 6, 2024
Susquehanna
Susquehanna
Buy
Maintains
$95$90
Buy Maintains $95$90 +34.95% Nov 6, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.69B
from 7.63B
Decreased by -38.61%
Revenue Next Year
5.62B
from 4.69B
Increased by 19.86%
EPS This Year
1.69
from 3.48
Decreased by -51.51%
EPS Next Year
2.69
from 1.69
Increased by 59.14%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Mar 31, 2020 Mar 31, 2021 Mar 31, 2022 Mar 31, 2023 Mar 31, 2024 Mar 31, 2025 Mar 31, 2026 Mar 31, 2027
Revenue
5.27B5.44B6.82B8.44B7.63B4.69B5.62B6.88B
Revenue Growth
-1.41%3.11%25.42%23.72%-9.53%-38.61%19.86%22.45%
EPS
1.110.652.274.023.481.692.693.95
EPS Growth
56.34%-41.44%249.23%77.09%-13.43%-51.51%59.14%46.92%
Forward PE
-----39.5224.8316.90
No. Analysts -----282817
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 5.2B 7.4B 8.8B
Avg 4.7B 5.6B 6.9B
Low 4.4B 4.7B 5.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
-32.2%
58.3%
56.8%
Avg
-38.6%
19.9%
22.4%
Low
-42.2%
-0.5%
-0.1%

EPS Forecast

EPS 20242025202620272028
High 2.12 4.56 6.02
Avg 1.69 2.69 3.95
Low 1.46 1.55 2.54

EPS Growth

EPS Growth 20242025202620272028
High
-39.1%
170.1%
124.0%
Avg
-51.5%
59.1%
46.9%
Low
-58.0%
-8.4%
-5.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.