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Microchip (MCHP) Stock Forecast, Price Target & Predictions

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MCHP Stock Forecast

Microchip stock forecast is as follows: an average price target of $87.89 (represents a 31.79% upside from MCHP’s last price of $66.69) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

MCHP Price Target

The average price target for Microchip (MCHP) is $87.89 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $105.00 to $61.00. This represents a potential 31.79% upside from MCHP's last price of $66.69.

MCHP Analyst Ratings

Buy

According to 15 Wall Street analysts, Microchip's rating consensus is 'Buy'. The analyst rating breakdown for MCHP stock is 1 'Strong Buy' (6.67%), 10 'Buy' (66.67%), 4 'Hold' (26.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Microchip Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024William SteinTruist Financial---4.58%6.46%
Nov 06, 2024Rajvindra GillNeedham--14.24%27.46%
Nov 06, 2024Mark LipacisEvercore ISI--27.68%42.45%
Nov 06, 2024Weston TwiggKeyBanc--27.68%42.45%
Nov 06, 2024Melissa FairbanksRaymond James--27.68%42.45%
Oct 18, 2024Vijay RakeshMizuho Securities--24.05%42.45%
Sep 23, 2024William SteinTruist Financial--3.88%19.96%
Aug 21, 2024Christopher DanelyCitigroup--14.60%37.95%
Aug 05, 2024Hans MosesmannRosenblatt Securities--20.53%34.95%
May 23, 2024Vijay RakeshMizuho Securities--17.18%72.44%
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The latest Microchip stock forecast, released on Nov 06, 2024 by William Stein from Truist Financial, set a price target of $71.00, which represents a -4.58% decrease from the stock price at the time of the forecast ($74.41), and a 6.46% increase from MCHP last price ($66.69).

Microchip Price Target by Period

1M3M12M
# Anlaysts5715
Avg Price Target$88.20$88.00$93.27
Last Closing Price$66.69$66.69$66.69
Upside/Downside32.25%31.95%39.86%

In the current month, the average price target of Microchip stock is $88.20, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 32.25% increase as opposed to Microchip's last price of $66.69. This month's average price target is up 0.23% compared to last quarter, and down -5.44% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 06, 2024Evercore ISIOutperformOutperformHold
Nov 06, 2024KeyBancOverweightOverweightHold
Oct 21, 2024Truist FinancialUnderperformUnderperformHold
Oct 21, 2024William BlairBuyBuyHold
Sep 23, 2024Truist FinancialUnderperformUnderperformHold
Sep 23, 2024William BlairBuyBuyHold
Aug 21, 2024CitigroupBuyBuyHold
Aug 16, 2024Piper SandlerNeutralOverweightUpgrade
Aug 02, 2024Cowen & Co.HoldHoldHold
Jul 31, 2024SusquehannaUnderperformUnderperformHold
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Microchip's last stock rating was published by Evercore ISI on Nov 06, 2024. The company gave MCHP a "Outperform" rating, the same as its previous rate.

Microchip Financial Forecast

Microchip Revenue Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Revenue-------------$1.77B$2.25B$2.29B$2.23B$2.17B$2.07B$1.96B$1.84B$1.76B$1.65B$1.57B$1.47B$1.35B$1.31B$1.31B$1.33B$1.29B
Avg Forecast$1.95B$1.87B$1.83B$1.67B$1.47B$1.40B$1.32B$1.20B$1.09B$1.06B$1.15B$1.24B$1.33B$1.77B$2.27B$2.29B$2.23B$2.16B$2.06B$1.95B$1.82B$1.75B$1.65B$1.55B$1.46B$1.35B$1.26B$1.28B$1.32B$1.28B
High Forecast$2.06B$1.98B$1.94B$1.77B$1.56B$1.49B$1.40B$1.27B$1.23B$1.07B$1.16B$1.24B$1.33B$1.86B$2.29B$2.43B$2.36B$2.28B$2.06B$1.95B$1.82B$1.75B$1.65B$1.55B$1.46B$1.35B$1.26B$1.28B$1.32B$1.28B
Low Forecast$1.89B$1.82B$1.78B$1.63B$1.43B$1.37B$1.28B$1.16B$1.04B$1.04B$1.15B$1.24B$1.33B$1.73B$2.22B$2.23B$2.17B$2.10B$2.06B$1.95B$1.82B$1.75B$1.65B$1.55B$1.46B$1.35B$1.26B$1.28B$1.32B$1.28B
# Analysts99711761261413799101918988111517991011159916
Surprise %-------------1.00%1.00%1.00%1.00%1.01%1.01%1.00%1.01%1.01%1.00%1.01%1.01%1.00%1.04%1.02%1.01%1.01%

Microchip's average Quarter revenue forecast for Mar 24 based on 9 analysts is $1.33B, with a low forecast of $1.33B, and a high forecast of $1.33B. MCHP's average Quarter revenue forecast represents a -24.82% decrease compared to the company's last Quarter revenue of $1.77B (Dec 23).

Microchip EBITDA Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761261413799101918988111517991011159916
EBITDA-------------$529.40M$885.00M$903.10M$1.02B$992.00M$1.01B$943.30M$783.20M$804.20M$607.10M$641.50M$510.20M$409.60M$467.90M$481.40M$472.10M$430.30M
Avg Forecast$832.27M$800.72M$781.50M$716.01M$629.68M$599.93M$564.46M$511.51M$465.68M$455.11M$492.92M$531.15M$773.34M$758.37M$968.90M$979.43M$703.04M$861.94M$820.05M$777.25M$639.12M$695.35M$655.22M$616.84M$477.95M$536.33M$502.97M$510.67M$433.63M$508.13M
High Forecast$881.86M$848.43M$828.06M$758.67M$667.19M$635.67M$598.09M$541.98M$524.42M$459.40M$494.40M$531.15M$928.01M$796.50M$977.47M$1.04B$843.64M$1.03B$820.05M$777.25M$766.95M$695.35M$655.22M$616.84M$573.54M$536.33M$502.97M$510.67M$520.36M$508.13M
Low Forecast$810.30M$779.58M$760.87M$697.11M$613.06M$584.09M$549.56M$498.01M$444.70M$443.10M$491.44M$531.15M$618.67M$741.42M$949.61M$953.58M$562.43M$689.55M$820.05M$777.25M$511.30M$695.35M$655.22M$616.84M$382.36M$536.33M$502.97M$510.67M$346.91M$508.13M
Surprise %-------------0.70%0.91%0.92%1.45%1.15%1.23%1.21%1.23%1.16%0.93%1.04%1.07%0.76%0.93%0.94%1.09%0.85%

9 analysts predict MCHP's average Quarter EBITDA for Mar 24 to be $773.34M, with a high of $928.01M and a low of $618.67M. This is 46.08% upper than Microchip's previous annual EBITDA (Dec 23) of $529.40M.

Microchip Net Income Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761261413799101918988111517991011159916
Net Income-------------$419.20M$666.60M$666.40M$604.00M$580.30M$546.20M$507.20M$437.90M$352.80M$242.00M$252.80M$116.00M$36.20M$73.60M$123.60M$99.90M$311.10M
Avg Forecast$666.31M$630.22M$606.95M$517.00M$421.88M$374.00M$325.87M$246.20M$176.17M$166.94M$235.35M$282.62M$487.47M$563.62M$878.64M$889.39M$443.15M$378.13M$782.84M$726.72M$402.87M$636.61M$573.92M$517.39M$108.67M$429.90M$388.04M$389.55M$91.76M$342.82M
High Forecast$717.92M$679.03M$653.96M$557.05M$454.55M$402.97M$351.11M$265.27M$281.87M$255.62M$236.64M$282.74M$584.96M$611.47M$900.47M$958.28M$531.79M$453.76M$782.84M$726.72M$483.44M$636.61M$573.92M$533.14M$130.40M$429.90M$388.04M$389.55M$110.11M$342.82M
Low Forecast$643.45M$608.59M$586.12M$499.26M$407.40M$361.17M$314.69M$237.75M$125.83M$156.50M$234.05M$282.50M$389.98M$531.72M$807.69M$858.87M$354.52M$302.50M$782.84M$726.72M$322.29M$636.61M$573.92M$501.64M$86.93M$429.90M$388.04M$389.55M$73.41M$342.82M
Surprise %-------------0.74%0.76%0.75%1.36%1.53%0.70%0.70%1.09%0.55%0.42%0.49%1.07%0.08%0.19%0.32%1.09%0.91%

Microchip's average Quarter net income forecast for Mar 24 is $487.47M, with a range of $389.98M to $584.96M. MCHP's average Quarter net income forecast represents a 16.29% increase compared to the company's last Quarter net income of $419.20M (Dec 23).

Microchip SG&A Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761261413799101918988111517991011159916
SG&A-------------$172.20M$196.60M$203.60M$203.50M$202.90M$202.40M$188.90M$187.20M$177.50M$179.90M$174.30M$165.10M$385.80M$377.60M$381.70M$414.20M$419.40M
Avg Forecast$208.82M$200.90M$196.08M$179.65M$157.99M$150.52M$141.62M$128.34M$116.84M$114.19M$123.67M$133.26M$208.39M$190.27M$243.10M$245.74M$189.45M$190.24M$217.40M$206.06M$172.22M$184.35M$173.70M$163.53M$154.66M$142.19M$133.34M$135.38M$380.45M$134.71M
High Forecast$221.26M$212.87M$207.76M$190.35M$167.40M$159.49M$150.06M$135.98M$131.58M$115.26M$124.05M$133.26M$250.07M$199.84M$245.25M$260.38M$227.34M$228.29M$217.40M$206.06M$206.67M$184.35M$173.70M$163.53M$185.60M$142.19M$133.34M$135.38M$456.54M$134.71M
Low Forecast$203.30M$195.60M$190.90M$174.90M$153.82M$146.55M$137.89M$124.95M$111.58M$111.17M$123.30M$133.26M$166.71M$186.02M$238.26M$239.25M$151.56M$152.19M$217.40M$206.06M$137.78M$184.35M$173.70M$163.53M$123.73M$142.19M$133.34M$135.38M$304.36M$134.71M
Surprise %-------------0.91%0.81%0.83%1.07%1.07%0.93%0.92%1.09%0.96%1.04%1.07%1.07%2.71%2.83%2.82%1.09%3.11%

Microchip's average Quarter SG&A projection for Mar 24 is $208.39M, based on 9 Wall Street analysts, with a range of $166.71M to $250.07M. The forecast indicates a 21.02% rise compared to MCHP last annual SG&A of $172.20M (Dec 23).

Microchip EPS Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761261413799101918988111517991011159916
EPS--------------$1.23-$1.10$1.06$0.99$0.92$0.79$0.64$0.44$0.46$0.21$0.07$0.14$0.25$0.21$0.65
Avg Forecast$1.23$1.16$1.12$0.95$0.78$0.69$0.60$0.45$0.33$0.31$0.43$0.52$0.57$1.04$1.62$1.64$1.62$1.55$1.44$1.34$1.25$1.17$1.06$0.95$0.87$0.79$0.71$0.72$0.68$0.63
High Forecast$1.32$1.25$1.21$1.03$0.84$0.74$0.65$0.49$0.52$0.47$0.44$0.52$0.57$1.13$1.66$1.77$1.75$1.67$1.44$1.34$1.25$1.17$1.06$0.98$0.87$0.79$0.71$0.72$0.68$0.63
Low Forecast$1.19$1.12$1.08$0.92$0.75$0.67$0.58$0.44$0.23$0.29$0.43$0.52$0.57$0.98$1.49$1.58$1.57$1.50$1.44$1.34$1.25$1.17$1.06$0.92$0.87$0.79$0.71$0.72$0.68$0.63
Surprise %--------------0.76%-0.68%0.68%0.69%0.69%0.63%0.55%0.42%0.48%0.25%0.09%0.20%0.35%0.31%1.03%

According to 10 Wall Street analysts, Microchip's projected average Quarter EPS for Dec 23 is $1.04, with a low estimate of $0.98 and a high estimate of $1.13. This represents a -15.46% decrease compared to MCHP previous annual EPS of $1.23 (Sep 23).

Microchip Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed--566.94%Hold
SYNASynaptics--110.24%Buy
QRVOQorvo--66.86%Hold
SWKSSkyworks Solutions--51.08%Hold
ALGMAllegro MicroSystems--50.16%Buy
MCHPMicrochip--31.79%Buy
ONON Semiconductor--25.71%Buy
MPWRMonolithic Power Systems--14.97%Buy
NXPINXP Semiconductors--8.30%Buy
LSCCLattice Semiconductor--5.64%Buy
ADIAnalog Devices--4.68%Buy
TXNTexas Instruments--3.81%Buy

MCHP Forecast FAQ

Is Microchip a good buy?

Yes, according to 15 Wall Street analysts, Microchip (MCHP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 10 'Buy' recommendations, accounting for 73.33% of MCHP's total ratings.

What is MCHP's price target?

Microchip (MCHP) average price target is $87.89 with a range of $61 to $105, implying a 31.79% from its last price of $66.69. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Microchip stock go up soon?

According to Wall Street analysts' prediction for MCHP stock, the company can go up by 31.79% (from the last price of $66.69 to the average price target of $87.89), up by 57.44% based on the highest stock price target, and down by -8.53% based on the lowest stock price target.

Can Microchip stock reach $100?

MCHP's highest twelve months analyst stock price target of $105 supports the claim that Microchip can reach $100 in the near future.

What is Microchip's current price target trend?

5 Wall Street analysts forecast a $88.2 price target for Microchip (MCHP) this month, up 32.25% from its last price of $66.69. Compared to the last 3 and 12 months, the average price target increased by 31.95% and increased by 39.86%, respectively.

What are Microchip's analysts' financial forecasts?

Microchip's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $5.39B (high $5.71B, low $5.25B), average EBITDA is $2.31B (high $2.44B, low $2.24B), average net income is $1.37B (high $1.47B, low $1.32B), average SG&A $578.47M (high $612.93M, low $563.2M), and average EPS is $2.52 (high $2.72, low $2.44). MCHP's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $7.32B (high $7.75B, low $7.13B), average EBITDA is $3.13B (high $3.32B, low $3.05B), average net income is $2.42B (high $2.61B, low $2.34B), average SG&A $785.44M (high $832.24M, low $764.71M), and average EPS is $4.47 (high $4.81, low $4.31).

Did the MCHP's actual financial results beat the analysts' financial forecasts?

Based on Microchip's last annual report (Mar 2023), the company's revenue was $8.44B, beating the average analysts forecast of $8.4B by 0.50%. Apple's EBITDA was $3.78B, beating the average prediction of $3.16B by 19.47%. The company's net income was $2.24B, missing the average estimation of $2.33B by -4.00%. Apple's SG&A was $797.7M, missing the average forecast of $803.15M by -0.68%. Lastly, the company's EPS was $4.07, missing the average prediction of $5.95 by -31.64%. In terms of the last quarterly report (Dec 2023), Microchip's revenue was $1.77B, missing the average analysts' forecast of $1.77B by -0.41%. The company's EBITDA was $529.4M, missing the average prediction of $758.37M by -30.19%. Microchip's net income was $419.2M, missing the average estimation of $563.62M by -25.62%. The company's SG&A was $172.2M, missing the average forecast of $190.27M by -9.50%. Lastly, the company's EPS was $0, missing the average prediction of $1.04 by -100.00%