The latest price target for Microchip Technology (NASDAQ:MCHP) was reported by Citigroup on November 6, 2024. The analyst firm set a price target for $82.00 expecting MCHP to rise to within 12 months (a possible 24.96% upside). 53 analyst firms have reported ratings in the last year.

The latest analyst rating for Microchip Technology (NASDAQ:MCHP) was provided by Citigroup, and Microchip Technology maintained their buy 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 September 23, 2024 when Truist Securities changed their price target from $89 to $80 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 November 6, 2024 so you should expect the next rating to be made available sometime around November 6, 2025.

While ratings are subjective and will change, the latest Microchip Technology (MCHP) rating was a maintained with a price target of $92.00 to $82.00. The current price Microchip Technology (MCHP) is trading at is $65.62, which is out of the analyst’s predicted range.