---
title: "Citigroup maintains Microchip Technology at Buy, lowers price target to $75 from $95"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304690929.md"
description: "Citigroup maintained its Buy rating on Microchip Technology but lowered the price target to $75 from $95, representing a 21.1% decrease. This new target implies a 28.5% upside from the November 6 closing price of $58.35. The update is part of recent analyst actions, with other firms like Truist, B. Riley, Wells Fargo, Evercore ISI, and Keybanc also maintaining their respective ratings over the past 30 days."
datetime: "2026-11-06T21:15:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304690929.md)
  - [en](https://longbridge.com/en/news/304690929.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304690929.md)
generator: "portal-rs"
---

# Citigroup maintains Microchip Technology at Buy, lowers price target to $75 from $95

Citigroup maintained Microchip Technology at Buy and lowered its price target to $75 from $95, a 21.1% decrease.

The price target implies an upside of 28.5% from the Nov 6 close of $58.35.

**Recent analyst actions on Microchip Technology**

| Date  | Firm                | Action    | Rating       | Price target |
| ----- | ------------------- | --------- | ------------ | ------------ |
| Nov 6 | Truist Securities   | Maintains | Hold         | $62          |
| Nov 6 | B. Riley Securities | Maintains | Buy          | $85          |
| Nov 6 | Wells Fargo         | Maintains | Equal-Weight | $70          |
| Nov 6 | Evercore ISI Group  | Maintains | Outperform   | $75          |
| Nov 6 | Keybanc             | Maintains | Overweight   | $120         |

Across the five most recent analyst notes published on Microchip Technology over the past 30 days, price targets range from $62 to $120.

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.**