Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · Real-Time Price · USD
55.51
-0.48 (-0.86%)
At close: Dec 20, 2024, 4:00 PM
55.60
+0.09 (0.16%)
After-hours: Dec 20, 2024, 5:12 PM EST
Microchip Technology Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for MCHP stock have an average target of 90.9, with a low estimate of 65 and a high estimate of 115. The average target predicts an increase of 63.75% from the current stock price of 55.51.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MCHP stock from 20 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 9 | 9 | 8 | 8 |
| Buy | 4 | 6 | 6 | 6 | 6 | 7 |
| Hold | 5 | 4 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 19 | 20 | 20 | 20 | 19 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Sell Downgrades $80 → $65 | Hold → Sell | Downgrades | $80 → $65 | +17.10% | Dec 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $90 → $87 | Strong Buy | Maintains | $90 → $87 | +56.73% | Dec 3, 2024 |
| Keybanc | Keybanc | Buy Maintains $95 → $90 | Buy | Maintains | $95 → $90 | +62.13% | Dec 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $85 | Strong Buy | Reiterates | $85 | +53.13% | Dec 3, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $92 → $82 | Strong Buy | Maintains | $92 → $82 | +47.72% | Nov 6, 2024 |
Financial Forecast
Revenue This Year
4.64B
from 7.63B
Decreased by -39.25%
Revenue Next Year
5.42B
from 4.64B
Increased by 16.84%
EPS This Year
1.64
from 3.48
Decreased by -52.93%
EPS Next Year
2.50
from 1.64
Increased by 52.42%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 4.9B | 7.4B | 8.8B | ||
| Avg | 4.6B | 5.4B | 6.8B | ||
| Low | 4.4B | 4.4B | 5.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | -35.3% | 60.0% | 62.6% | ||
| Avg | -39.2% | 16.8% | 24.8% | ||
| Low | -42.8% | -4.2% | -6.0% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.97 | 4.56 | 6.02 | ||
| Avg | 1.64 | 2.50 | 3.94 | ||
| Low | 1.39 | 1.54 | 2.10 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | -43.3% | 178.2% | 141.0% | ||
| Avg | -52.9% | 52.4% | 57.9% | ||
| Low | -60.0% | -5.8% | -15.7% |
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.