Piper Sandler Reiterates Neutral on Microchip Technology, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has reiterated a Neutral rating on Microchip Technology (NASDAQ:MCHP) and raised the price target from $80 to $90.
May 07, 2024 | 1:41 pm
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POSITIVE IMPACT
Piper Sandler has maintained a Neutral rating on Microchip Technology but increased the price target from $80 to $90.
The increase in price target by Piper Sandler suggests a positive outlook on the stock's future performance, potentially leading to short-term price appreciation. However, the Neutral rating indicates that there may still be factors that could limit significant upside, keeping the score from being higher.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100