Mizuho Maintains Neutral on Microchip Technology, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Neutral rating on Microchip Technology (NASDAQ:MCHP) and increased the price target from $82 to $85.

May 07, 2024 | 11:42 am
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Mizuho analyst Vijay Rakesh maintains a Neutral rating on Microchip Technology and raises the price target from $82 to $85.
The increase in price target by Mizuho suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100