The latest price target for Microchip Technology (NASDAQ:MCHP) was reported by B of A Securities on December 16, 2024. The analyst firm set a price target for $65.00 expecting MCHP to rise to within 12 months (a possible 16.86% upside). 57 analyst firms have reported ratings in the last year.

The latest analyst rating for Microchip Technology (NASDAQ:MCHP) was provided by B of A Securities, and Microchip Technology downgraded their underperform rating.

The last upgrade for Microchip Technology Inc happened on August 16, 2024 when Piper Sandler raised their price target to $100. Piper Sandler previously had a neutral for Microchip Technology Inc.

The last downgrade for Microchip Technology Inc happened on December 16, 2024 when B of A Securities changed their price target from $80 to $65 for Microchip Technology Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Microchip Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Microchip Technology was filed on December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.

While ratings are subjective and will change, the latest Microchip Technology (MCHP) rating was a downgraded with a price target of $80.00 to $65.00. The current price Microchip Technology (MCHP) is trading at is $55.62, which is out of the analyst’s predicted range.