Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · Real-Time Price · USD
61.07
-3.23 (-5.02%)
At close: Feb 21, 2025, 4:00 PM
61.00
-0.07 (-0.11%)
After-hours: Feb 21, 2025, 7:18 PM EST
Microchip Technology Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Microchip Technology stock have an average target of 77, with a low estimate of 58 and a high estimate of 103. The average target predicts an increase of 26.08% from the current stock price of 61.07.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Microchip Technology 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 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 8 | 8 | 7 | 8 |
| Buy | 6 | 6 | 6 | 7 | 8 | 7 |
| Hold | 5 | 5 | 5 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20 | 20 | 19 | 20 | 20 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $85 → $75 | Strong Buy | Reiterates | $85 → $75 | +22.81% | Feb 7, 2025 |
| Raymond James | Raymond James | Strong Buy Reiterates $95 → $60 | Strong Buy | Reiterates | $95 → $60 | -1.75% | Feb 7, 2025 |
| Keybanc | Keybanc | Buy Maintains $70 → $60 | Buy | Maintains | $70 → $60 | -1.75% | Feb 7, 2025 |
| Piper Sandler | Piper Sandler | Buy Reiterates $85 → $65 | Buy | Reiterates | $85 → $65 | +6.44% | Feb 7, 2025 |
| Needham | Needham | Strong Buy Maintains $85 → $60 | Strong Buy | Maintains | $85 → $60 | -1.75% | Feb 7, 2025 |
Financial Forecast
Revenue This Year
4.61B
from 7.63B
Decreased by -39.68%
Revenue Next Year
5.27B
from 4.61B
Increased by 14.48%
EPS This Year
1.34
from 3.48
Decreased by -61.63%
EPS Next Year
1.34
from 1.34
Increased by 0.05%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 4.9B | 6.4B | 8.4B | ||
| Avg | 4.6B | 5.3B | 6.6B | ||
| Low | 4.3B | 4.4B | 5.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | -35.3% | 39.1% | 59.2% | ||
| Avg | -39.7% | 14.5% | 25.6% | ||
| Low | -43.1% | -4.4% | -3.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.69 | 2.61 | 4.26 | ||
| Avg | 1.34 | 1.34 | 2.64 | ||
| Low | 1.09 | 0.58 | 1.50 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | -51.4% | 95.8% | 219.1% | ||
| Avg | -61.6% | 0.0% | 97.5% | ||
| Low | -68.7% | -56.7% | 12.2% |
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.