- Discover why analysts predict a potential upside for Microchip Technology Inc. (MCHP, Financial) amidst current financial challenges.
- Explore detailed projections and recommendations from top brokerage firms.
- Understand the implications of GF Value on MCHP's forecasted stock performance.
Microchip Technology Inc. (MCHP) is navigating through turbulent times, confronting a significant 41.9% decline in revenue year-over-year and a net loss of $53.6 million in the recent quarter. The company faces pressure from reduced demand in key sectors and rising interest rates, all while carrying a substantial debt load of $6.75 billion.
Wall Street Analysts Forecast
According to insights from 21 analysts, the average one-year price target for Microchip Technology Inc. (MCHP, Financial) stands at $65.52, featuring predictions that range from a high of $80.00 to a low of $53.00. This average target suggests a potential upside of 45.93% from the current trading price of $44.90. For more in-depth estimates, visit the Microchip Technology Inc (MCHP) Forecast page.
Brokerage Firm Recommendations
Microchip Technology Inc.'s (MCHP, Financial) average brokerage recommendation, from 24 firms, currently sits at 2.1, indicating an "Outperform" status. This recommendation is part of a scale where 1 represents a Strong Buy and 5 denotes a Sell. This suggests analysts have a moderately positive outlook on MCHP despite its current challenges.
Understanding GF Value
GuruFocus estimates the GF Value for Microchip Technology Inc. (MCHP, Financial) at $47.63 over the next year. This estimation forecasts a modest upside of 6.08% from its current price of $44.90. The GF Value is derived from historical multiples, past business growth, and projected future performance. For additional data, explore the Microchip Technology Inc (MCHP) Summary page.
