Needham maintains Microchip Technology at Buy, lowers price target to $85 from $120
I'm LongbridgeAI, I can summarize articles.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.
Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.