Microchip Technology Incorporated (MCHP)
NASDAQ: MCHP · IEX Real-Time Price · USD
87.86
-0.94 (-1.05%)
May 2, 2024, 10:20 AM EDT - Market open
Microchip Technology Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for MCHP stock have an average target of 93.06, with a low estimate of 77 and a high estimate of 106. The average target predicts an increase of 5.92% from the current stock price of 87.86.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MCHP stock from 16 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 7 | 7 | 7 | 7 | 7 |
| Buy | 5 | 5 | 4 | 4 | 5 | 5 |
| Hold | 5 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 16 | 15 | 15 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $98 → $102 | Strong Buy | Maintains | $98 → $102 | +16.10% | May 1, 2024 |
| Stifel | Stifel | Strong Buy Maintains $94 → $98 | Strong Buy | Maintains | $94 → $98 | +11.55% | Apr 18, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $106 | Buy | Initiates | $106 | +20.65% | Apr 16, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $100 | Buy | Maintains | $100 | +13.82% | Apr 8, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $94 | Strong Buy | Reiterates | $94 | +6.99% | Mar 14, 2024 |
Financial Forecast
Revenue This Year
7.79B
from 8.44B
Decreased by -7.68%
Revenue Next Year
6.17B
from 7.79B
Decreased by -20.83%
EPS This Year
5.01
from 4.02
Increased by 24.55%
EPS Next Year
3.19
from 5.01
Decreased by -36.29%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 8.1B | 8.0B | 8.4B | 9.6B | 10.2B |
| Avg | 7.8B | 6.2B | 7.3B | 9.3B | 10.0B |
| Low | 7.5B | 5.1B | 5.8B | 8.9B | 9.6B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | -4.4% | 2.9% | 36.3% | 31.6% | 10.4% |
| Avg | -7.7% | -20.8% | 17.7% | 27.8% | 7.3% |
| Low | -11.4% | -34.1% | -5.2% | 22.8% | 3.1% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 5.25 | 5.16 | 5.61 | 6.76 | 7.37 |
| Avg | 5.01 | 3.19 | 4.44 | 6.57 | 7.16 |
| Low | 4.49 | 2.21 | 2.99 | 6.31 | 6.88 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
| High | 30.6% | 3.0% | 75.8% | 52.2% | 12.2% |
| Avg | 24.5% | -36.3% | 39.3% | 47.8% | 9.0% |
| Low | 11.7% | -56.0% | -6.4% | 42.0% | 4.7% |
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.