Microchip Technology Incorporated (MCHP)

Microchip Technology Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Microchip Technology stock have an average target of 69.1, with a low estimate of 43 and a high estimate of 100. The average target predicts an increase of 13.56% from the current stock price of 60.85.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$43	$69.1	$66	$100
Change	-29.33%	+13.56%	+8.46%	+64.34%

Analyst Ratings

The average analyst rating for Microchip Technology stock from 21 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 '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	8	7	8	9	9	9
Buy	7	8	7	7	7	7
Hold	4	4	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	20	20	20	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Pradeep Ramani UBS	UBS	Strong Buy Maintains $55 → $60	Strong Buy	Maintains	$55 → $60	-1.40%	May 9, 2025
Melissa Fairbanks Raymond James	Raymond James	Strong Buy Reiterates $60 → $65	Strong Buy	Reiterates	$60 → $65	+6.82%	May 9, 2025
Joseph Moore Morgan Stanley	Morgan Stanley	Hold Maintains $39 → $50	Hold	Maintains	$39 → $50	-17.83%	May 9, 2025
Christopher Danely Citigroup	Citigroup	Strong Buy Maintains $50 → $55	Strong Buy	Maintains	$50 → $55	-9.61%	May 9, 2025
Quinn Bolton Needham	Needham	Strong Buy Reiterates $66	Strong Buy	Reiterates	$66	+8.46%	May 9, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

4.56B

Increased by 3.55%

from 4.40B

Revenue Next Year

5.72B

Increased by 25.54%

from 4.56B

EPS This Year

1.27

from -0.01

EPS Next Year

2.51

Increased by 98.33%

from 1.27

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027	Mar 31, 2028
Revenue	5.44B	6.82B	8.44B	7.63B	4.40B	4.56B	5.72B	6.92B
Revenue Growth	3.11%	25.42%	23.72%	-9.53%	-42.35%	3.55%	25.54%	20.95%
EPS	0.65	2.27	4.02	3.48	-0.01	1.27	2.51	3.95
EPS Growth	-41.44%	249.23%	77.09%	-13.43%	-	-	98.33%	57.04%
Forward PE	-	-	-	-	-	48.01	24.21	15.42
No. Analysts	-	-	-	-	-	27	21	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029
High	5.3B	7.0B	7.1B
Avg	4.6B	5.7B	6.9B
Low	3.8B	4.5B	6.6B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	21.0%	54.1%	24.5%
Avg	3.6%	25.5%	21.0%
Low	-13.0%	-0.9%	16.2%

EPS Forecast

EPS	2026	2027	2028	2029
High	1.86	3.73	4.06
Avg	1.27	2.51	3.95
Low	0.58	1.55	3.79

EPS Growth

EPS Growth	2026	2027	2028	2029
High	-	194.1%	61.7%
Avg	-	98.3%	57.0%
Low	-	22.2%	50.9%

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.