Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · IEX Real-Time Price · USD
88.77
-2.75 (-3.00%)
At close: Jul 19, 2024, 4:00 PM
90.34
+1.57 (1.77%)
Pre-market: Jul 22, 2024, 7:24 AM EDT
Microchip Technology Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for MCHP stock have an average target of 101.26, with a low estimate of 85 and a high estimate of 115. The average target predicts an increase of 14.07% from the current stock price of 88.77.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MCHP stock from 19 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 10 | 10 | 10 |
| Buy | 4 | 4 | 5 | 5 | 5 | 4 |
| Hold | 4 | 4 | 4 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 16 | 19 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $105 → $115 | Buy | Maintains | $105 → $115 | +29.55% | Jul 17, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $102 → $100 | Buy → Hold | Downgrades | $102 → $100 | +12.65% | Jul 11, 2024 |
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $85 → $115 | Hold → Strong Buy | Upgrades | $85 → $115 | +29.55% | May 28, 2024 |
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $85 → $115 | Hold → Strong Buy | Upgrades | $85 → $115 | +29.55% | May 24, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $100 → $115 | Strong Buy | Initiates | $100 → $115 | +29.55% | May 13, 2024 |
Financial Forecast
Revenue This Year
5.60B
from 7.63B
Decreased by -26.62%
Revenue Next Year
6.99B
from 5.60B
Increased by 24.72%
EPS This Year
2.68
from 3.48
Decreased by -23.08%
EPS Next Year
4.22
from 2.68
Increased by 57.64%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.4B | 8.1B | 9.2B | 9.9B | 9.5B |
| Avg | 5.6B | 7.0B | 8.1B | 9.1B | 9.3B |
| Low | 5.1B | 5.3B | 6.9B | 8.2B | 8.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -16.8% | 43.9% | 31.4% | 22.2% | 5.1% |
| Avg | -26.6% | 24.7% | 15.7% | 12.3% | 2.1% |
| Low | -32.9% | -4.8% | -1.1% | 1.8% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.13 | 5.43 | 5.90 | 6.33 | 7.01 |
| Avg | 2.68 | 4.22 | 5.14 | 6.15 | 6.81 |
| Low | 2.33 | 2.57 | 4.06 | 5.91 | 6.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -10.1% | 102.8% | 39.9% | 23.2% | 14.0% |
| Avg | -23.1% | 57.6% | 21.8% | 19.7% | 10.8% |
| Low | -33.1% | -3.9% | -3.8% | 15.0% | 6.4% |
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.