Needham Maintains Buy on Microchip Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Microchip Technology (NASDAQ:MCHP) and raises the price target from $85 to $90.
February 02, 2024 | 12:25 pm
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Needham analyst Quinn Bolton reaffirmed a Buy rating on Microchip Technology and increased the price target from $85 to $90.
The upgrade in the price target by a reputable analyst like Quinn Bolton suggests a positive outlook on the stock, likely due to strong fundamentals or future growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100