Analyst Ratings For Microchip Technology
Portfolio Pulse from Benzinga Insights
Analysts have recently adjusted their ratings and price targets for Microchip Technology (NASDAQ:MCHP), with a general trend of lowering expectations. The average 12-month price target has decreased by 7.24% to $95.0. Financial metrics such as revenue growth, net margin, ROE, and ROA are below industry averages, indicating potential challenges for the company.
October 21, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Analysts have lowered their price targets for Microchip Technology, reflecting a decrease in confidence. The average target is now $95.0, down from $102.42. Financial metrics such as revenue growth and profitability are below industry averages, suggesting potential challenges.
The decrease in the average price target by 7.24% and the lowering of ratings by several analysts indicate a negative sentiment towards Microchip Technology. The company's financial metrics, such as revenue growth, net margin, ROE, and ROA, are below industry averages, which could lead to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100