MCHP Price Prediction Next Week
Technical Analysis: MCHP's stock has experienced significant volatility, with the price currently at $61.45 . The technical indicators show:
- RSI-14 at 60.76 indicates neutral momentum
- Stochastic RSI (14,14,3,3) at 90.52 suggests overbought conditions
- MACD (12,26,9) shows positive momentum with 0.87, but divergence with signal line
- Price is trading below all major moving averages (200-day at $75.18, 60-day at $58.53)
News Impact:
- Recent introduction of Mplab AI coding assistant boosted stock by 12.55%
- Former CEO Steve Sanghi returned in November 2024 to lead turnaround efforts
- Truist lowered price target to $56 from $68, citing concerns about customer relationships
- Company will present a comprehensive 9-point business improvement plan on March 3rd
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
- Resistance: $63.20 (R1), $66.77 (R2)
- Support: $51.64 (S1), $48.07 (S2)
- Pivot: $57.42
Target Price: $63.50-64.00
Recommendation: BUY Rationale:
- Oversold bounce likely after recent 5% drop
- Strong support at $57.42 pivot level
- Upcoming March 3rd business plan presentation could act as positive catalyst
- Technical indicators showing potential reversal signals
Entry point: Current price ($61.45) Stop loss: $57.42 (pivot level) Take profit: $63.50
MCHP Similar Chart Price Prediction
The price of MCHP is predicted to go up -6.3%, based on the high correlation periods with ADI. The similarity of these two price pattern on the periods is 96.21%.
MCHP
ADI
Down: -6.3%Similarity: 96.21%
MCHP Revenue Forecast
MCHP EPS Forecast
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MCHP VS S&P500
Microchip sells to tens of thousands of end customers, so it is not overly dependent on sales to any one client or market segment.
Microchip's focus on the MCU market gives it an advantage over larger competitors, in our view, as MCUs are only one of many segments within its larger businesses.
Microchip has an excellent record of extracting higher-than-expected synergies out of its acquisitions, with Atmel and Micrel being recent examples.
MCHP Analyst's Forecast
Craig Ellis
B. Riley Securities
Strong Buy
2025-02-07
Price Target
$85 → $75
Upside
+44.51%
Reports Q3 revenue $1.026B, consensus $1.05B. "Our December quarter performance reflects the need for the decisive steps we are taking to realign our business, as revenue declined to $1.026B and inventory levels reached 266 days," said Steve Sanghi, Microchip's CEO. "Since returning as CEO in November, we have already initiated several key actions, including restructuring our manufacturing footprint, adjusting our channel strategy and intensifying our customer engagement. Our initial assessment indicates clear areas for operational enhancement, and we are taking a methodical yet urgent approach to evaluating all aspects of our business and implementing necessary changes to strengthen our competitive position."
Joseph Moore
Morgan Stanley
Hold
2025-02-04
Price Target
$71 → $58
Upside
+10.27%
John Vinh
Keybanc
Buy
2025-01-14
Price Target
$90 → $70
Upside
+23.07%
