Microchip Technology Incorporated (MCHP)

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 42.89% from the current stock price of 65.12.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$70	$93.05	$90	$115
Change	+7.49%	+42.89%	+38.21%	+76.60%

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
Christopher Danely Citigroup	Citigroup	Strong Buy Maintains $92 → $82	Strong Buy	Maintains	$92 → $82	+25.92%	Nov 6, 2024
Blayne Curtis Jefferies	Jefferies	Strong Buy Maintains $100 → $90	Strong Buy	Maintains	$100 → $90	+38.21%	Nov 6, 2024
Joshua Buchalter TD Cowen	TD Cowen	Hold Maintains $80 → $70	Hold	Maintains	$80 → $70	+7.49%	Nov 6, 2024
Mark Lipacis Evercore ISI Group	Evercore ISI Group	Buy Reiterates $101 → $95	Buy	Reiterates	$101 → $95	+45.88%	Nov 6, 2024
Christopher Rolland Susquehanna	Susquehanna	Buy Maintains $95 → $90	Buy	Maintains	$95 → $90	+38.21%	Nov 6, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

4.69B

Decreased by -38.61%

from 7.63B

Revenue Next Year

5.62B

Increased by 19.86%

from 4.69B

EPS This Year

1.69

Decreased by -51.51%

from 3.48

EPS Next Year

2.69

Increased by 59.14%

from 1.69

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	5.27B	5.44B	6.82B	8.44B	7.63B	4.69B	5.62B	6.88B
Revenue Growth	-1.41%	3.11%	25.42%	23.72%	-9.53%	-38.61%	19.86%	22.45%
EPS	1.11	0.65	2.27	4.02	3.48	1.69	2.69	3.95
EPS Growth	56.34%	-41.44%	249.23%	77.09%	-13.43%	-51.51%	59.14%	46.92%
Forward PE	-	-	-	-	-	38.59	24.25	16.51
No. Analysts	-	-	-	-	-	28	28	17

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

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.