Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · Real-Time Price · USD
66.59
-0.71 (-1.06%)
At close: Nov 13, 2024, 4:00 PM
66.63
+0.04 (0.06%)
After-hours: Nov 13, 2024, 5:52 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 39.74% from the current stock price of 66.59.
Analyst Consensus: Buy
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 '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 10 | 9 | 9 | 8 |
| Buy | 5 | 4 | 6 | 6 | 6 | 6 |
| Hold | 4 | 5 | 4 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 19 | 20 | 20 | 20 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $92 → $82 | Strong Buy | Maintains | $92 → $82 | +23.14% | Nov 6, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $100 → $90 | Strong Buy | Maintains | $100 → $90 | +35.16% | Nov 6, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $80 → $70 | Hold | Maintains | $80 → $70 | +5.12% | Nov 6, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Reiterates $101 → $95 | Buy | Reiterates | $101 → $95 | +42.66% | Nov 6, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $95 → $90 | Buy | Maintains | $95 → $90 | +35.16% | Nov 6, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -32.2% | 58.3% | 56.8% | ||
| Avg | -38.6% | 19.9% | 22.4% | ||
| Low | -42.2% | -0.5% | -0.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.