Microchip Technology Incorporated (MCHP) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 46 analysts8.1% Below Target
MCHP trades 8.1% below Wall Street's consensus target of $107.82.
Current Price$99.77
Average Target$107.82
Target
Current
Low$85.00
Median$105.00
High$135.00
Analyst Target Range
Forward P/E63.6x
(High Premium)
PEG Ratio—
Implied Growth+985.3%
(High Growth)
Analyst Spread46.4%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes MCHP achieves its forward estimates and maintains a stable P/E multiple of 63.6x. This scenario reflects the blended consensus of 46 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
MCHP Price Target Analysis
Updated June 20, 2026As of June 20, 2026, Microchip Technology Incorporated (MCHP) has a Wall Street consensus price target of $107.82, based on estimates from 46 covering analysts. With the stock currently trading at $99.77, this represents a potential upside of +8.1%. The company has a market capitalization of $53.99B.
Analyst price targets range from a low of $85.00 to a high of $135.00, representing a 46% spread in expectations. The median target of $105.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 32 analysts rating the stock as a Buy or Strong Buy,14 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, MCHP trades at a trailing P/E of -9999.0x and forward P/E of 63.6x. Analysts expect EPS to grow +985.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $33.13, with bear and bull scenarios of $20.87 and $43.66 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
-10.9%
Industry Consensus
Avg Forward P/E
55.1x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TXNTexas Instruments Incorporated | $294.0B | $322.86 | $274.06 | -15.1% | Buy | 41.9x | 65 |
 ADIAnalog Devices, Inc. | $211.6B | $434.46 | $444.35 | +2.3% | Buy | 35.4x | 54 |
 NXPINXP Semiconductors N.V. | $79.1B | $313.27 | $242.60 | -22.6% | Buy | 21.3x | 46 |
 ONON Semiconductor Corporation | $47.7B | $121.62 | $94.25 | -22.5% | Buy | 39.4x | 46 |
 SWKSSkyworks Solutions, Inc. | $10.9B | $72.45 | $72.30 | -0.2% | Buy | 14.5x | 60 |
 LSCCLattice Semiconductor Corporation | $21.1B | $153.72 | $141.11 | -8.2% | Buy | 146.4x | 17 |
 ACLSAxcelis Technologies, Inc. | $5.8B | $187.53 | $128.00 | -31.7% | Buy | 48.9x | 12 |
 SLABSilicon Laboratories Inc. | $7.2B | $219.75 | $211.60 | -3.7% | Buy | 79.4x | 37 |
 MTSIMACOM Technology Solutions Holdings, Inc. | $29.9B | $391.41 | $360.89 | -7.8% | Buy | 77.9x | 24 |
 DIODDiodes Incorporated | $5.5B | $119.46 | $120.00 | +0.5% | Buy | 45.5x | 13 |
MCHP — Frequently Asked Questions
Quick answers to the most common questions about buying MCHP stock.
What is the MCHP stock price target for 2026?
The consensus price target for MCHP is $107.82, close to the current price of $99.77 (8.1% implied move). Based on 46 analyst estimates, the stock appears fairly valued near current levels.
Is MCHP a buy, sell, or hold?
MCHP has a consensus rating of "Buy" based on 46 Wall Street analysts. The rating breakdown is predominantly bullish, with 32 Buy/Strong Buy ratings. The consensus 12-month price target of $107.82 implies 8.1% upside from current levels.
Is MCHP stock overvalued or undervalued?
At a forward P/E of 63.6329x, MCHP trades at a premium valuation. The consensus price target of $107.82 (8.1% upside) suggests analysts may view current valuations as stretched.
How high can MCHP stock go?
The most bullish Wall Street analyst has a price target of $135 for MCHP, while the most conservative target is $85. The consensus of $107.82 represents the median expectation. Our quantitative valuation model projects a bull case target of $44 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover MCHP stock?
MCHP is heavily covered by Wall Street, with 46 analysts providing price targets and ratings. Of these, 2 have Strong Buy ratings, 30 have Buy ratings, 14 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the MCHP stock forecast?
The 12-month MCHP stock forecast based on 46 Wall Street analysts shows a consensus price target of $107.82, with estimates ranging from $85 (bear case) to $135 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $33, with bear/bull scenarios of $21/$44.
What is MCHP's fair value based on fundamentals?
Our quantitative valuation model calculates MCHP's fair value at $33 (base case), with a bear case of $21 and bull case of $44. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
What is MCHP's forward P/E ratio?
MCHP trades at a forward P/E ratio of 63.6x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy MCHP stock?
MCHP appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $107.82 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do MCHP price targets vary so much?
MCHP analyst price targets range from $85 to $135, a 46% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $107.82 consensus represents the middle ground. Our model's $21-$44 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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