What 11 Analyst Ratings Have To Say About Microchip Technology
Portfolio Pulse from Benzinga Insights
Microchip Technology (NASDAQ:MCHP) has received various analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 5 indifferent. The average 12-month price target for the company is $99.64, which has increased by 7.52% over the past month.
August 04, 2023 | 5:00 pm
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Microchip Technology has received mixed analyst ratings, but the average 12-month price target has increased, indicating a positive outlook.
The mixed analyst ratings indicate uncertainty about the company's performance. However, the increase in the average 12-month price target suggests that analysts are generally positive about the company's future, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100