Analysts have provided the following ratings for Microchip Technology MCHP within the last quarter:

These 9 analysts have an average price target of $76.67 versus the current price of Microchip Technology at $74.59, implying upside.

Below is a summary of how these 9 analysts rated Microchip Technology over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

This current average represents a 6.78% decrease from the previous average price target of $82.25.

Stay up to date on Microchip Technology analyst ratings.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.