Rosenblatt has raised its price target for Microchip Technology (MCHP) from $80 to $115, maintaining a “Buy” rating, indicating a strong positive outlook on the company’s future performance. This adjustment follows other analysts who have also recently increased their price targets for MCHP. Despite an average target implying an upside, GuruFocus estimates suggest a potential downside based on its GF Value fair value calculation.
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Rosenblatt Raises Microchip Technology (MCHP) Price Target to $115
Rosenblatt has raised its price target for Microchip Technology (MCHP) from $80 to $115, maintaining a “Buy” rating, indicating a strong positive outlook on the company’s future performance. This adjustment follows other analysts who have also recently increased their price targets for MCHP. Despite an average target implying an upside, GuruFocus estimates suggest a potential downside based on its GF Value fair value calculation.