---
title: "Needham maintains Microchip Technology at Buy, lowers price target to $85 from $120"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304637029.md"
description: "Needham maintains a Buy rating on Microchip Technology but lowers its price target from $120 to $85, representing a 29.2% decrease. This new target implies a 31.1% upside from the November 5 close of $64.85. Recent analyst actions show varied ratings, with Rosenblatt maintaining a Buy at $115, B. Riley at $98, Wells Fargo at Equal-Weight/$80, and TD Cowen at Hold/$75."
datetime: "2026-11-06T12:25:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304637029.md)
  - [en](https://longbridge.com/en/news/304637029.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304637029.md)
generator: "portal-rs"
---

# Needham maintains Microchip Technology at Buy, lowers price target to $85 from $120

Needham maintained Microchip Technology at Buy and lowered its price target to $85 from $120, a 29.2% decrease.

The price target implies an upside of 31.1% from the Nov 5 close of $64.85.

**Recent analyst actions on Microchip Technology**

| Date   | Firm                | Action    | Rating       | Price target |
| ------ | ------------------- | --------- | ------------ | ------------ |
| Nov 6  | Rosenblatt          | Maintains | Buy          | $115         |
| Oct 22 | B. Riley Securities | Maintains | Buy          | $98          |
| Oct 20 | Wells Fargo         | Maintains | Equal-Weight | $80          |
| Oct 19 | TD Cowen            | Maintains | Hold         | $75          |

Across the four most recent analyst notes published on Microchip Technology over the past 30 days, price targets range from $75 to $115.

Explore more price target data and ratings for Microchip Technology on the , and track all previous and future analyst recommendations in the dedicated News Flow.

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**