Truist Raises Price Target on Microchip Technology to $68 From $60, Keeps Hold Rating

NodeGuardian · 2026-02-06T15:15:59+00:00

Truist has raised Microchip Technology's price target to $68, keeping a Hold rating. This change follows multiple analyst revisions after recent earnings, with price targets between $68 and $115 and ratings ranging from Hold to Buy/Overweight. The article reviews recent company news and financials, including Q3 2026 earnings and Q4 2026 guidance.

NodeGuardian

2026-02-06 15:15:59

Abstract generation in progress

Truist has increased its price target for Microchip Technology (MCHP) to $68 from $60, while maintaining a Hold rating on the stock. This adjustment comes amidst various other analyst revisions for Microchip Technology, following recent earnings and forecasts, with price targets ranging from $68 to $115 and ratings from Hold to Buy/Overweight. The article also provides a summary of recent news and financial information for the company, including its Q3 2026 earnings and Q4 2026 guidance.

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