---
title: "Jefferies maintains Microchip Technology at Buy, lowers price target to $85 from $100"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304702235.md"
description: "Jefferies maintains a Buy rating on Microchip Technology but lowers its price target from $100 to $85, representing a 15% decrease. This new target implies a 45.7% upside from the November 6 closing price of $58.35. Recent analyst actions show a range of price targets between $62 and $85 across firms like Citigroup, Truist, B. Riley, Wells Fargo, and Evercore ISI."
datetime: "2026-11-07T00:32:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304702235.md)
  - [en](https://longbridge.com/en/news/304702235.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304702235.md)
generator: "portal-rs"
---

# Jefferies maintains Microchip Technology at Buy, lowers price target to $85 from $100

Jefferies maintained Microchip Technology at Buy and lowered its price target to $85 from $100, a 15.0% decrease.

The price target implies an upside of 45.7% from the Nov 6 close of $58.35.

**Recent analyst actions on Microchip Technology**

| Date  | Firm                | Action    | Rating       | Price target |
| ----- | ------------------- | --------- | ------------ | ------------ |
| Nov 6 | Citigroup           | Maintains | Buy          | $75          |
| 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          |

Across the five most recent analyst notes published on Microchip Technology over the past 30 days, price targets range from $62 to $85.

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.**