Analysts Cut Microchip Technology Price Targets After Fiscal Q2 Results
JPMorgan lowered its target to $100 from $120, Cantor Fitzgerald to $100 from $125, and Citigroup to $75 from $95. Rosenblatt, Truist and KeyBanc also revised their targets; Truist maintained a Hold rating.
On November 6, 2026, multiple analysts updated their price targets for Microchip Technology Incorporated in response to the company's fiscal second-quarter 2027 financial results. JPMorgan lowered its price target to $100 from $120, while Cantor Fitzgerald adjusted its target to $100 from $125. Citigroup reduced its target to $75 from $95, and Rosenblatt lowered its target to $115 from $120. Additionally, Truist adjusted its price target to $62 from $90 while maintaining a Hold rating, and KeyBanc revised its target to $120 from $135.
These adjustments reflect market reactions to the company's latest quarterly performance and forward-looking guidance.