Key Highlights

● Microchip Technology closed at $75.55 on 9 October 2026.

● Market data consensus target is $98.67, implying about 30.6% upside.

● The second data set shows a mean of $107.84 and a median of $108.

● Wells Fargo lowered its target to $88 with Equal Weight on 20 July.

Microchip Technology (NASDAQ:MCHP), a constituent of both the S&P 500 and the Nasdaq-100, closed at $75.55 on Friday 9 October 2026. Analyst targets sit well above that level, with the consensus implying upside of about 30.6%, and ratings lean positive. Recent broker revisions have mostly been downward.

What Is the Latest Analyst Price Target?

Market data shows a consensus price target of $98.67 from 24 analysts, implying upside of about 30.6% from the $75.55 close, with targets ranging from $69 to $125. The second data set shows a higher mean of $107.84 and a median of $108 from 26 analysts, with a range of $80 to $135.

What Are Wall Street Analysts Saying?

Sentiment is positive overall. Market data records 13 Buy and three Strong Buy ratings against eight Hold and no Sell ratings, a consensus of Moderate Buy. The second data set shows twenty Buy-type ratings and six Hold. Named broker actions listed by market data are mainly from July to September. Cantor Fitzgerald reiterated Overweight on 9 September, BMO Capital Markets initiated coverage with Outperform and a $95 target on 21 August, and on 7 August UBS reiterated Buy while moving its target from $130 to $120, Citigroup lowered its target from $113 to $95, Truist lowered its target from $105 to $90 with a Hold rating, and Rosenblatt reiterated Buy with a $120 target.

Wells Fargo lowered its target to $88 with Equal Weight on 20 July, and TD Cowen cut its target to $90 with a Hold rating on 13 July.

What Could Help the Stock Reach the Price Target?

The consensus target suggests substantial upside, and every recent named target is above the current share price. Market data reports earnings per share of $0.76 against $0.70 expected and revenue of $1.48 billion against $1.46 billion for the quarter ended in early August, with revenue up 38% year on year. If sustained results validate those numbers, brokers might lift their forecasts, as the higher the second data set figures hint some may already have done.

What Could Prevent the Stock Reaching the Target?

The shares would need to rise by more than 30% to reach the market data mean, and that is a long way. Several brokers lowered targets in July and August, including Citigroup, Truist, TD Cowen and Wells Fargo, and the market data range begins at $69, below the share price. Most of the named targets are one to three months old, so they may not reflect the latest views.

What Should Investors Watch Next?

Investors may wish to follow whether new broker updates arrive to refresh the aging targets, whether the two data sets converge, and how the shares trade relative to the $88 to $120 band of recent named targets.

Microchip Technology Versus Its Analyst Targets

Microchip Technology closed at $75.55 on 9 October 2026, against a market data consensus target of $98.67. Wells Fargo lowered its target to $88 with Equal Weight on 20 July, and TD Cowen cut its target to $90 with a Hold rating on 13 July.